Publication:
Russia Economic Report, No. 41, June 2019: Modest Growth - Focus on Informality

Simple item page
dc.contributor.authorWorld Bank Group
dc.date.accessioned2019-06-24T20:26:12Z
dc.date.available2019-06-24T20:26:12Z
dc.date.issued2019-06
dc.description.abstractReal GDP growth in Russia surpassed expectations in 2018, reaching 2.3 percent, mostly due to one off effects of energy construction. Forecasted growth of 1.2 percent in 2019 and 1.8 percent in 2020 and 2021 reflects a more modest outlook. Russia’s macro-fiscal buffers remain strong, with fiscal surpluses across all tiers of government and low public-debt levels. When compared to advanced economies, Russia spends less on health and education. Rebalancing in favor of these categories could improve the overall efficiency of public spending. Short-term inflationary risks have abated, with the Bank of Russia signaling a return to a neutral policy rate. Lending activity is recovering, but the banking sector remains afflicted with high concentration and state dominance. Having eased slightly, the poverty rate remains in double digits with many households close to the poverty line and lacking formal employment. Informal employment is rising in the face of close-to-zero net job creation by medium-sized and large formal enterprises. Key risks to medium-term growth include the expansion of economic sanctions, renewed financial turmoil in EMDEs, a dramatic drop in oil prices, and souring of the global trade environment. The recent double-digit expansion in household credit may also pose a risk to financial stability in the case of a deterioration in the macroeconomic environment.en
dc.identifierhttp://documents.worldbank.org/curated/en/332081560895493011/Russia-Economic-Report-Modest-Growth-Focus-on-Informality
dc.identifier.doi10.1596/31933
dc.identifier.urihttps://hdl.handle.net/10986/31933
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectOIL PRICE
dc.subjectEXTERNAL SHOCK
dc.subjectBALANCE OF PAYMENTS
dc.subjectEXCHANGE RATE REGIME
dc.subjectLABOR MARKET
dc.subjectPOVERTY
dc.subjectUNEMPLOYMENT
dc.subjectMONETARY POLICY
dc.subjectBANKING
dc.subjectFISCAL POLICY
dc.subjectFISCAL TRENDS
dc.subjectECONOMIC OUTLOOK
dc.subjectINFORMAL ECONOMY
dc.subjectINFORMAL EMPLOYMENT
dc.subjectLABOR POLICY
dc.titleRussia Economic Report, No. 41, June 2019en
dc.title.subtitleModest Growth - Focus on Informalityen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleRussia Economic Report, No. 41, June 2019
okr.date.disclosure2019-06-18
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/332081560895493011/Russia-Economic-Report-Modest-Growth-Focus-on-Informality
okr.guid332081560895493011
okr.guid628951561127248518
okr.identifier.doi10.1596/31933
okr.identifier.externaldocumentum090224b086dd3a9d_1_0
okr.identifier.internaldocumentum31172164
okr.identifier.report137997
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/332081560895493011/pdf/Russia-Economic-Report-Modest-Growth-Focus-on-Informality.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicPoverty Reduction::Inequality
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Labor Policies
okr.unitEurope and Central Asia 2 (GMTE2)
Files
Original bundle
Now showing 1 - 3 of 3
Thumbnail Image
Name:
Russia-Economic-Report-Modest-Growth-Focus-on-Informality.pdf
Size:
2.36 MB
Format:
Adobe Portable Document Format
Description:
English PDF
Download
No Thumbnail Available
Name:
Russia-Economic-Report-Modest-Growth-Focus-on-Informality.txt
Size:
252.64 KB
Format:
Plain Text
Download
Thumbnail Image
Name:
Russia-Economic-Report-Modest-Growth-Focus-on-Informality-RU.pdf
Size:
1.12 MB
Format:
Adobe Portable Document Format
Description:
Russian PDF
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Economic Updates and Modeling
Russian PDFs Available