wiiw Current Analyses and Forecasts

Russian Federation: Slower growth, more state intervention to the rescue?


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