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The conflict over Ukraine and the subsequent imposition of – so far limited – EU and US sanctions are already showing first effects: a deteriorating investment climate, accelerating capital outflows, declining investments and further growth slowdown. Compared to earlier forecasts, growth prospects for the coming years have been scaled down. For 2014 we expect a growth rate of 0.6%, for 2015 1.6% and for 2016 2.3%.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||142961||143202||143507||.||.||.|
|GDP, real change in %||4.3||3.4||1.3||0.6||1.6||2.3|
|GDP per capita (EUR at PPP)||17000||18000||18100||.||.||.|
|Gross industrial production, real change in %||5.0||3.4||0.4||.||.||.|
|Unemployment rate - LFS, in %, average||6.5||5.5||5.5||5.5||5.5||5.4|
|Average gross monthly wages, EUR||572||667||709||.||.||.|
|Consumer prices, % p.a.||8.5||5.1||6.8||7.0||6.0||5.0|
|Fiscal balance in % of GDP||1.5||0.4||-1.3||.||.||.|
|Public debt in % of GDP||9.0||10.0||10.4||.||.||.|
|Current account in % of GDP||5.1||3.6||1.6||1.5||1.1||1.0|
|FDI inflow, EUR mn||39557||39353||53187||.||.||.|
|Gross external debt in % of GDP||30.4||30.8||33.6||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 5/2014
Rumen Dobrinsky, Gabor Hunya and Sandor Richter
wiiw Monthly Report No. 5, May 2014
26 pages including 18 Tables and 2 Figures Details
RUSSIAN FEDERATION: Stuck in transition!
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 101-103 Details and Buy