dc.contributor.author	World Bank Group
dc.date.accessioned	2017-06-30T18:38:16Z
dc.date.available	2017-06-30T18:38:16Z
dc.date.issued	2017-05
dc.description.abstract	Global growth and trade started to strengthen at the end of 2016. Russia’s economy showed signs of overcoming the recession caused by the shocks of low oil prices and economic sanctions. Tradable sectors benefitted from the relative price adjustment and stabilizing commodity prices in the second half of 2016 and became the main drivers of economic growth, partly through increased exports. This report highlights the varying implications of the oil price shock on oil exporters, and how Russia has adapted well compared to others. SME is a priority sector for the Russian government that was hit the hardest by the recession as SME loans experienced the sharpest decline compared to other market segments. These, and other related disparities, are discussed in detail in the report. Part 3 of the report discusses in detail, Russian regions have weathered the slowdown in the economy fairly well in the recent past – showcasing low deficits and broadly moderate debt levels. The report elaborates, being among the top three oil exporters in the world, the Russian oil sector has demonstrated resilience, increasing production and exports despite headwinds, thanks to increased production by small- and medium size producers. Finally the report discusses various methods and measures of total factor productivity (TFP) growth in Russia, all which yield the same conclusion as summarized.	en
dc.identifier	http://documents.worldbank.org/curated/en/782451497437509084/Russia-economic-report-2017-from-recession-to-recovery
dc.identifier.doi	10.1596/27522
dc.identifier.uri	https://hdl.handle.net/10986/27522
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Moscow
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	ECONOMIC GROWTH
dc.subject	POLICY
dc.subject	FINANCE
dc.subject	MANAGEMENT
dc.subject	DEVELOPMENT
dc.subject	RECESSION
dc.subject	RECOVERY
dc.subject	LABOR MARKET
dc.subject	POVERTY
dc.subject	MONETARY POLICY
dc.subject	BANKING
dc.subject	ECONOMIC OUTLOOK
dc.subject	REGIONAL GOVERNMENT
dc.title	Russia Economic Report, May 2017	en
dc.title.subtitle	From Recession to Recovery	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Russia Economic Report, May 2017: From Recession to Recovery
okr.date.disclosure	2017-06-14
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/782451497437509084/Russia-economic-report-2017-from-recession-to-recovery
okr.guid	884071497517672466
okr.guid	782451497437509084
okr.identifier.doi	10.1596/27522
okr.identifier.doi	https://doi.org/10.1596/27522
okr.identifier.externaldocumentum	090224b084c98f87_1_0
okr.identifier.internaldocumentum	27580725
okr.identifier.report	116237
okr.imported	true
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/782451497437509084/pdf/116237-WP-P161778-PUBLIC-RERengforweb.pdf	en
okr.region.administrative	Europe and Central Asia
okr.region.country	Russian Federation
okr.topic	Governance::Regional Governance
okr.topic	Macroeconomics and Economic Growth::Economic Forecasting
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Macroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topic	Poverty Reduction::Achieving Shared Growth
okr.topic	Poverty Reduction::Employment and Shared Growth
okr.unit	GMF - Europe and Central Asia 3 (GMF11)

Publication: Russia Economic Report, May 2017: From Recession to Recovery

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Russia Economic Report, May 2017: From Recession to Recovery