wiiw Current Analyses and Forecasts
Russian Federation: Slower growth, more state intervention to the rescue?
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Peter Havlik
in: Double-dip Recession over, yet no Boom in Sight
wiiw Current Analyses and Forecasts No. 11, March 2013 , pp. 127-130
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Russian economic growth was slowing down during 2012. The expected rate of GDP growth –
below yet close to 4% in the coming couple of years – will be driven mainly by domestic demand.
Any significant breakthrough in modernization and diversification of the economy is unlikely in the
near future. The new role of shale gas and its impact on global energy prices may significantly affect
Russia’s export and budget revenues, its GDP growth and ultimately also the country’s social and
political stability in the medium and long run.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Russia