{
  "title": "Russian Federation: 2013 Article IV Consultation",
  "publication": "IMF Staff Country Reports, October 21, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/russian-federation-2013-article-iv-consultation-40995",
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  "summary": "This 2013 Article IV Consultation highlights that real GDP growth in Russia has slowed, amid weak investment and external demand. Yet, the economy remains close to full capacity, with unemployment at historic lows and capacity utilization at pre-crisis highs.",
  "publishDate": "2013-10-21",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and outlook",
      "content": "- Real GDP growth in Russia has slowed, amid weak investment and external demand.\n- The economy remains close to full capacity.\n- Unemployment is at historic lows.\n- Capacity utilization is at pre-crisis highs.\n- Short-term indicators are mixed, but on balance suggest some recovery of activity in recent months, indicating a stronger growth outlook for the second half of 2013.\n- The near-term outlook is for moderate growth and inflation at the upper end of the target range of the Central Bank of the Russian Federation (CBR)."
    },
    {
      "heading": "Key findings",
      "content": "- Growth drivers and constraints:\n  - Weak investment.\n  - Weak external demand.\n- Labor and capacity:\n  - Unemployment at historic lows.\n  - Capacity utilization at pre-crisis highs.\n- Recent signals:\n  - Short-term indicators are mixed but suggest some recovery in recent months.\n  - Stronger growth outlook for H2 2013.\n- Inflation outlook:\n  - Near-term inflation expected at the upper end of the CBR’s target range."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects:\n  - Banking\n  - Correspondent banking\n  - Financial services\n  - Fiscal policy\n  - Fiscal rules\n  - Inflation\n  - Oil prices\n  - Prices\n  - Public debt\n- Keywords:\n  - August\n  - August inflation\n  - Baltics\n  - consensus forecast\n  - Correspondent banking\n  - CR\n  - deficit\n  - fiscal policy stance\n  - Fiscal rules\n  - forecast\n  - Global\n  - Inflation\n  - inflation expectation\n  - inflation objective\n  - ISCR\n  - monetary policy stance\n  - Oil prices\n  - outturn\n\nInternational Monetary Fund. Russian Federation: 2013 Article IV Consultation. IMF Staff Country Reports 2013, 310 (2013).\n\n---\n\n Content in this bundle\n\n- cr13310\n  - cr13310 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13310 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr13310r\n  - cr13310r (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13310r (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/russian-federation-2013-article-iv-consultation-40995"
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    "Published: October 21, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484375617.002",
    "Real GDP growth in Russia has slowed, amid weak investment and external demand.",
    "The economy remains close to full capacity.",
    "Unemployment is at historic lows.",
    "Capacity utilization is at pre-crisis highs.",
    "Short-term indicators are mixed, but on balance suggest some recovery of activity in recent months, indicating a stronger growth outlook for the second half of 2013.",
    "The near-term outlook is for moderate growth and inflation at the upper end of the target range of the Central Bank of the Russian Federation (CBR).",
    "Growth drivers and constraints:",
    "Labor and capacity:",
    "Recent signals:",
    "Inflation outlook:",
    "Subjects:",
    "Keywords:",
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