Russian Economic Report, No. 22, June 2010 A Bumpy Recovery. [electronic resource] :
- Washington, D.C. : The World Bank, 2010.
- Economic Updates and Modeling .
- Economic Updates and Modeling World Bank e-Library. .
Amid heightened global uncertainties, Russia is experiencing a bumpy recovery. Domestic demand is rising, but unemployment remains high, and credit and investment remain limited. The budget has benefited from higher oil prices, but fiscal consolidation remains important in the medium term. Crumbling infrastructure, especially in transport, could hamper the economy's competitiveness and longer-term growth prospects. The debt crisis in Western Europe sharpens the downside risks to global recovery and oil prices. But the effects on Russia are likely to be blunted by its stronger fiscal and debt positions and by limited trade and financial links with the affected countries. Russia is likely to grow by 4.5 percent in 2010, followed by 4.8 percent in 2011, as domestic demand expands in line with gradual improvements in the labor and credit markets. Employment is expected to improve gradually, however, enabling some further reductions in poverty.
10.1596/27777
Accounting
Agriculture
Bonds
Capital Expenditures
Capital Flows
Capital Markets
Coal
Credit Default Swaps
Debt
Developing Countries
Development Policy
Economic Forecasting
Economic Growth
Equity Markets
Expenditures
Financial Crisis
Financial Institutions
Financial Sector
Financial Services
Fiscal & Monetary Policy
Fiscal Policy
Government Banks
Housing
Human Capital
Income Tax
Industrialization
Inflation
Investment Climate
Living Standards
Local Government
Macroeconomics and Economic Growth
Migration
Minimum Wage
Monetary Policy
Municipalities
National Urban Development Policies & Strategies
Poverty Reduction
Price Volatility
Public Debt
Recession
Reserve Funds
Social Safety Nets
Sovereign Debt
Telecommunications
Transport
Unemployment
Urban Areas
Urban Development
Urbanization
Amid heightened global uncertainties, Russia is experiencing a bumpy recovery. Domestic demand is rising, but unemployment remains high, and credit and investment remain limited. The budget has benefited from higher oil prices, but fiscal consolidation remains important in the medium term. Crumbling infrastructure, especially in transport, could hamper the economy's competitiveness and longer-term growth prospects. The debt crisis in Western Europe sharpens the downside risks to global recovery and oil prices. But the effects on Russia are likely to be blunted by its stronger fiscal and debt positions and by limited trade and financial links with the affected countries. Russia is likely to grow by 4.5 percent in 2010, followed by 4.8 percent in 2011, as domestic demand expands in line with gradual improvements in the labor and credit markets. Employment is expected to improve gradually, however, enabling some further reductions in poverty.
10.1596/27777
Accounting
Agriculture
Bonds
Capital Expenditures
Capital Flows
Capital Markets
Coal
Credit Default Swaps
Debt
Developing Countries
Development Policy
Economic Forecasting
Economic Growth
Equity Markets
Expenditures
Financial Crisis
Financial Institutions
Financial Sector
Financial Services
Fiscal & Monetary Policy
Fiscal Policy
Government Banks
Housing
Human Capital
Income Tax
Industrialization
Inflation
Investment Climate
Living Standards
Local Government
Macroeconomics and Economic Growth
Migration
Minimum Wage
Monetary Policy
Municipalities
National Urban Development Policies & Strategies
Poverty Reduction
Price Volatility
Public Debt
Recession
Reserve Funds
Social Safety Nets
Sovereign Debt
Telecommunications
Transport
Unemployment
Urban Areas
Urban Development
Urbanization