wiiw Current Analyses and Forecasts
Russian Federation: Oil-fuelled recovery stalls
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Peter Havlik
in: Recovery - in Low Gear across Tough Terrain
wiiw Current Analyses and Forecasts No. 7, March 2011 , pp. 101-104
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Economic growth in Russia rebounded strongly along with the recovery of oil prices. However, the
current forecast reckons with a much lower GDP growth rate than in the pre-crisis period. Both private
consumption and investment are expected to grow slightly faster than GDP, while real exports
will continue to be sluggish. That notwithstanding, imports will increase at a faster rate as both
household consumption and investment fuelled by real currency appreciation start to pick up. Slim
are the chances of a successful modernization and restructuring of the economy.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Russia