Russia

The Russian economy has returned to growth. The inflation target of 4% has been comfortably met, and the rouble has been appreciating. However, in the absence of reforms, GDP growth will not exceed 2% even in the medium run – lower than the country’s European peers. No major changes in economic policies are expected, as stability at home coupled with external threats is cherished over reform risks. Sanctions and a poor investment climate are here to stay. Higher oil prices are once again serving as both a buffer and a deterrent to reform.

map Russia
        FORECAST*
Main Economic Indicators201520162017201820192020
Population, 1000 persons146406146675146841...
GDP, real change in %-2.5-0.21.51.81.61.6
GDP per capita (EUR at PPP)179001700017300...
Gross industrial production, real change in %-0.81.31.0...
Unemployment rate - LFS, in %, average5.65.55.25.45.25.2
Average gross monthly wages, EUR502494594...
Consumer prices, % p.a.15.57.13.64.04.04.0
Fiscal balance in % of GDP-3.4-3.7-1.5...
Public debt in % of GDP13.112.913.0...
Current account in % of GDP4.91.92.23.43.02.4
FDI inflow, EUR mn61632938124702...
Gross external debt in % of GDP38.541.931.1...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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RUSSIAN FEDERATION: Falling behind peers on meagre growth

Peter Havlik
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 134-137
Details and Buy

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Monthly Report No. 11/2017

Amat Adarov, Vasily Astrov, Julian Hinz, Evgenii Monastyrenko and Sandor Richter
wiiw Monthly Report No. 11, November 2017
47 pages including 3 Table and 21 Figures

Details


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