The Spillover Effects of Russia’s Economic Slowdown on Neighboring Countries

Author/Editor:

Ara Stepanyan ; Agustin Roitman ; Gohar Minasyan ; Dragana Ostojic ; Natan P. Epstein

Publication Date:

November 11, 2015

Electronic Access:

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Summary:

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) and, to a lesser extent, on Baltic countries. The spillovers to eastern Europe have been limited. The degree of impact is commensurate with the level of these countries’ trade, remittances, and foreign direct investment (FDI) links with Russia. So far, policy action by the affected countries has focused on mitigating the immediate consequences of spillovers.

Series:

Departmental Paper No. 15/13

Subject:

English

Publication Date:

November 11, 2015

ISBN/ISSN:

9781513571348/2616-5333

Stock No:

SERESNCEA

Price:

$25.00 (Academic Rate:$25.00)

Format:

Paper

Pages:

25

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