wiiw Forecast Reports
RUSSIAN FEDERATION: Recession not yet over
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 113-116
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Contrary to earlier expectations, the Russian economy will remain in recession in 2016. With oil prices having plunged anew at the beginning of 2016, export and budget revenues will drop. The envisaged cuts in expenditure will affect both consumption and investments; net exports will suffer as well. Barring additional external shocks, the economy may stabilise in 2017. Given the absence of reforms and investments, economic growth will remain sluggish – even in the medium term.
Countries covered: Russia