Russian Federation: 2017 Article IV Consultation-Press Release; Staff Report

IMF Staff Country Reports, July 10, 2017

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Russian Federation: 2017 Article IV Consultation-Press Release; Staff Report

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Bibliographic details

• Published: July 10, 2017
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484308196.002

Economic performance and outlook

• The Russian economy stabilized in 2016, contracting by just 0.2 percent of GDP.
• The economy was hit in 2014 by the dual shocks of lower oil prices and sanctions.
• More stable oil prices and improved financial conditions are expected to support a return to growth in 2017, with an expected increase in real GDP of 1.4 percent.
• Growth is forecast to continue at 1.4 percent in 2018.
• With adverse demographics, and barring significant structural reforms that lifts productivity, potential growth is likely to stay at about 1.50 percent over the medium term.
• The main risk to the outlook remains a fall in oil prices.

Themes and areas of focus (as presented)

• Fiscal policy
• Fiscal rules
• Fiscal stance
• Inflation
• Oil prices
• Prices

Content in this bundle

• Country Report
  • Country Report (Markdown version)
  • Country Report (PDF)