wiiw Forecast Reports
RUSSIA: GDP growth will fall back after an unexpected uptick in 2018
publication_icon
Peter Havlik
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 122-125
GDP growth for 2018 surprised everybody. Net exports and investments were the main drivers, the record current account surplus and a low inflation among the cheerful passengers. But neither the pace of growth nor the size of the current account surplus is sustainable and will be maintained. Still, the accumulated reserves and cautious economic policies will serve as a buffer mitigating external risks. Stability and weak growth will thus characterise Russian developments in the coming years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Russian Federation, Russia