wiiw Forecast Reports

RUSSIA: Self-inflicted stagnation

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Vasily Astrov

in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 105-109

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Growth in the first half of the year decelerated sharply, largely on account of weaker investment activity and declining net exports. Private consumption remains weak, constrained not least by the tight fiscal policy, although monetary policy has been softened in response to recent disinflation. Even with the planned start of infrastructure projects and increased social spending, it is difficult to see the Russian economy growing above 2% p.a. in the medium term.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Russia


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