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

_IMF Staff Country Reports, July 10, 2017_

## Source details

**Canonical URL:** [Russian Federation: 2017 Article IV Consultation-Press Release; Staff Report](https://www.imf.org/en/publications/cr/issues/2017/07/10/russian-federation-2017-article-iv-consultation-press-release-staff-report-45054)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/07/10/russian-federation-2017-article-iv-consultation-press-release-staff-report-45054/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/07/10/russian-federation-2017-article-iv-consultation-press-release-staff-report-45054/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/07/10/russian-federation-2017-article-iv-consultation-press-release-staff-report-45054/bundle-manifest.json)

## Bibliographic details
- Published: July 10, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484308196.002

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### 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

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17197.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17197.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/07/10/russian-federation-2017-article-iv-consultation-press-release-staff-report-45054_