wiiw Current Analyses and Forecasts
Russian Federation: Economic growth, political stalemate
in: Recovery: Limp and Battered
wiiw Current Analyses and Forecasts No. 8, July 2011 , pp. 114-118
In Russia, the economy has been growing by about 4% per year. Huge fluctuations in prices and inventories are affecting the reliability of GDP growth figures. Inflation has accelerated and remains stubbornly close to 10%. The long-term strategic target of economic diversification and moderniza-tion remains high on the agenda. The wiiw forecast reckons with continued, yet unspectacular, GDP growth over the period 2011-2013. With some luck, inflation may remain in single digits during 2011 and the budget deficit will evolve into a surplus. We have every expectation of President Medvedev being re-elected and the ruling Medvedev-Putin tandem continuing after March 2012.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Russia