dc.contributor.author	World Bank Group
dc.date.accessioned	2019-01-15T18:47:37Z
dc.date.available	2019-01-15T18:47:37Z
dc.date.issued	2018-11
dc.description.abstract	Global growth is broadly stable but downside risks from rising trade tensions are increasing.A weakening recovery in trade and manufacturing activities is weighing down global growth. Global goods trade has decelerated more rapidly than expected. U.S. tariff s and the retaliatoryresponses of its trading partners have affected 2.5 percent of global goods imports. Surveys ofcompanies in the U.S., China and Japan suggest that the risks of a trade war have not yet fullymaterialized. While the Eurasian Union (excluding Russia) posted strong growth in 2018, Russia'smain trading partners – the Euro area and China – experienced a growth slowdown. Financial conditions for Emerging Markets and Developing Economies (EMDEs) are tightening. Divergent monetary policies and growth prospects among the U.S. and other major economies contributed to a significant appreciation of the U.S. dollar in 2018. This, together with intensifying trade tensions, deteriorating growth prospects and renewed attention to external vulnerabilities has contributed to significant depreciations and capital outflows in many EMDEs. EMDE currencies fell – including the Russian ruble – and cumulative portfolio outflows from EMDEs surpassed those seen after the 2013 taper tantrum. Economies with external vulnerabilities, including Argentina, Indonesia, and Turkey, experienced the sharpest currency depreciations. While the spillover from those countries has been limited, the intensification of turmoil could lead investors to reevaluate their exposure to EMDEs and to capital outflows.	en
dc.identifier	http://documents.worldbank.org/curated/en/215711545408416700/Russia-Economic-Report-November-2018-No-40-Preserving-Stability-Doubling-Growth-Halving-Poverty-How
dc.identifier.doi	10.1596/31158
dc.identifier.uri	https://hdl.handle.net/10986/31158
dc.language	English
dc.publisher	World Bank, Washington, DC
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	BALANCE OF PAYMENTS
dc.subject	OIL AND GAS
dc.subject	MONETARY POLICY
dc.subject	LABOR MARKET
dc.subject	POVERTY REDUCTION
dc.subject	FISCAL TRENDS
dc.subject	EXPORT COMPETITIVENESS
dc.title	Russia Economic Report, November 2018	en
dc.title.subtitle	Preserving Stability, Doubling Growth, Halving Poverty – How?	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Russia Economic Report, November 2018
okr.date.disclosure	2018-12-21
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/215711545408416700/Russia-Economic-Report-November-2018-No-40-Preserving-Stability-Doubling-Growth-Halving-Poverty-How
okr.guid	215711545408416700
okr.identifier.doi	10.1596/31158
okr.identifier.externaldocumentum	090224b0867e0a1f_1_0
okr.identifier.internaldocumentum	30719011
okr.identifier.report	133157
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/215711545408416700/pdf/133157-WP-PUBLIC-ADD-SERIES-21-12-2018-18-13-38-webRussiaEconomicReportFINAL.pdf	en
okr.region.administrative	Europe and Central Asia
okr.region.country	Russian Federation
okr.topic	Energy::Oil & Gas
okr.topic	International Economics and Trade::Export Competitiveness
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unit	Europe and Central Asia 2 (GMTE2)

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Russia Economic Report, November 2018: Preserving Stability, Doubling Growth, Halving Poverty – How?