Publication:
Russia Monthly Economic Developments, July 2015

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dc.contributor.authorHans, Birgit
dc.contributor.authorBaffes, John
dc.contributor.authorEmelyanova, Olga
dc.contributor.authorUlatov, Sergei
dc.contributor.authorVashakmadze, Ekaterine
dc.date.accessioned2015-10-08T22:07:10Z
dc.date.available2015-10-08T22:07:10Z
dc.date.issued2015-07-01
dc.description.abstractIn June, the European Council extended EU economic sanctions against Russia for another six months while Russia extended its food import ban against Western countries for a year. A fluid situation on global financial markets and yet again lower growth prospects led to oil prices losing ground in early July. Ruble depreciation pressure remained throughout June as demand for foreign currency increased while supply declined slightly due to lower oil prices. Russia’s first quarter GDP growth was revised from -1.9 to -2.2 percent−still slightly less than projected earlier−while May high frequency statistics show a deepening recession. On June 25, the government approved the main parameters for the 2016–2018 budgets, foreseeing persistent deficits and evaporating fiscal buffers despite significant expenditure cuts.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/09/24982254/russia-monthly-economic-developments
dc.identifier.doi10.1596/22754
dc.identifier.urihttps://hdl.handle.net/10986/22754
dc.languageEnglish
dc.language.isoen_US
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.subjectTARIFFS
dc.subjectDEFICIT
dc.subjectRISKS
dc.subjectBUFFERS
dc.subjectBASIS POINTS
dc.subjectEQUIPMENT
dc.subjectOIL PRICE
dc.subjectLONG-TERM INTEREST
dc.subjectSTOCK
dc.subjectDEFLATION
dc.subjectINCOME
dc.subjectINTEREST
dc.subjectDEPRECIATION
dc.subjectIMPORT
dc.subjectINFLATION RISK
dc.subjectEXCHANGE
dc.subjectREMITTANCE
dc.subjectSUPPLIES
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectBANKING SYSTEM
dc.subjectEXPORTERS
dc.subjectRECESSION
dc.subjectREVENUES
dc.subjectFISCAL POLICY
dc.subjectFINANCIAL STRESS
dc.subjectCAPITAL ADEQUACY
dc.subjectOIL REVENUES
dc.subjectSLOWDOWN
dc.subjectPRICE
dc.subjectREAL INCOME
dc.subjectRETAIL TRADE
dc.subjectNON-PERFORMING LOANS
dc.subjectPAYMENTS
dc.subjectRESERVE
dc.subjectINFLATION
dc.subjectDEVELOPING COUNTRY
dc.subjectRETAIL
dc.subjectBUDGET
dc.subjectCENTRAL BANK
dc.subjectOIL PRICES
dc.subjectCURRENCY
dc.subjectEXPORT GROWTH
dc.subjectINCOME GROWTH
dc.subjectCREDIT RISKS
dc.subjectINTEREST RATES
dc.subjectDEBT
dc.subjectMARKETS
dc.subjectSOVEREIGN RATING
dc.subjectDEFICITS
dc.subjectBUDGET DEFICIT
dc.subjectIMPORTS
dc.subjectLOANS
dc.subjectGLOBAL FINANCIAL MARKETS
dc.subjectINVENTORIES
dc.subjectRESERVES
dc.subjectUTILITY
dc.subjectCONSUMER DEMAND
dc.subjectFOREIGN CURRENCY
dc.subjectEXPENDITURE
dc.subjectINVESTORS
dc.subjectNATIONAL SECURITY
dc.subjectOIL SUPPLIES
dc.subjectCONSUMPTION
dc.subjectDEBT PAYMENTS
dc.subjectINVESTMENT GOODS
dc.subjectOIL MARKET
dc.subjectWAGES
dc.subjectGLOBAL MARKET
dc.subjectFUTURE
dc.subjectPENSIONS
dc.subjectFEDERAL BUDGET
dc.subjectCREDIT
dc.subjectFIXED INVESTMENT
dc.subjectBUDGETS
dc.subjectDEMAND
dc.subjectEXCHANGES
dc.subjectLONG-TERM INTEREST RATES
dc.subjectEXTERNAL DEBT PAYMENTS
dc.subjectCONSUMER PRICE
dc.subjectEXPENDITURES
dc.subjectECONOMY
dc.subjectINCOMES
dc.subjectASSETS
dc.subjectMARKET
dc.subjectFOREIGN EXCHANGE
dc.subjectOUTPUT
dc.subjectDOMESTIC DEMAND
dc.subjectTRADE
dc.subjectCORE INFLATION
dc.subjectGDP
dc.subjectGOODS
dc.subjectGLOBAL TRADE
dc.subjectSECURITY
dc.subjectOIL EXPORTERS
dc.subjectINVESTMENT
dc.subjectFEDERAL BUDGET DEFICIT
dc.subjectRISK
dc.subjectSHARE
dc.subjectQUOTA
dc.subjectFINANCIAL MARKETS
dc.subjectSUPPLY
dc.subjectBANKING
dc.subjectUNCERTAINTY
dc.subjectREVENUE
dc.subjectEXTERNAL DEBT
dc.subjectCONSUMER PRICE INDEX
dc.subjectCREDIT GROWTH
dc.subjectEXCHANGE RATE
dc.subjectFOOD PRICES
dc.subjectCURRENCY SUPPLY
dc.subjectPROFITS
dc.subjectPRICE INDEX
dc.subjectCOMMODITY
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectPRICES
dc.titleRussia Monthly Economic Developments, July 2015en
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.date.disclosure2015-08-31
okr.date.doiregistration2025-04-29T09:41:14.185746Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/2015/09/24982254/russia-monthly-economic-developments
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid535651467986328175
okr.guid788591467991940401
okr.identifier.externaldocumentum090224b0830abddf_1_0
okr.identifier.internaldocumentum24982254
okr.identifier.report99230
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/08/31/090224b0830abddf/1_0/Rendered/PDF/Russia000Monthly0economic0developments.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicPrivate Sector Development::Emerging Markets
okr.unitWorld Bank Office: Moscow (ECCU1)
relation.isAuthorOfPublication18b25906-9cb0-519d-95a9-8bfd4c5a3666
relation.isAuthorOfPublication.latestForDiscovery18b25906-9cb0-519d-95a9-8bfd4c5a3666
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