Report

Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank Group
en_US
dc.date.accessioned
2016-11-16T21:05:07Z
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dc.date.available
2016-11-16T21:05:07Z
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dc.date.issued
2016-11
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dc.description.abstract
Global growth is weak. It slowed down to 2.2 percent in the first half of 2016. While the Brexit vote has had a limited impact on global growth so far, growth in advanced economies (AE) has been disappointing. Amidst external headwinds, the recession continues in Russia, although the pace of gross domestic product (GDP) decline has slowed down. After a prolonged recessionary period, headline economic and financial trends and indicators are now picking up. Fiscal tightening at the federal level may also adversely affect the performance of some regions. For 2016, the authors project growth of the Russian economy at -0.6 percent, an improvement from earlier June forecast of -1.2 percent. This growth upsurge, however, is unlikely to turn the tide in terms of building a more diversified economy. While a detailed analyses of structural issues is beyond the scope, bolstering investor sentiment towards Russia by reducing policy uncertainty will help. One important step forward, particularly in light of eroding fiscal buffers with the reserve fund expected to be depleted in 2017, is a return of the medium-term fiscal framework.
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dc.identifier.uri
http://hdl.handle.net/10986/25357
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dc.language
English
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dc.language.iso
en_US
en_US
dc.publisher
World Bank, Washington, DC
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dc.rights
CC BY 3.0 IGO
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dc.rights.holder
World Bank
en_US
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
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dc.subject
economic growth
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dc.subject
balance of payments
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dc.subject
poverty
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dc.subject
unemployment
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dc.subject
monetary policy
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dc.subject
fiscal trends
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dc.subject
economic outlook
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dc.subject
poverty rates
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dc.subject
fiscal policy
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dc.subject
redistribution
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dc.subject
pensions
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dc.subject
inequality
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dc.title
Russia Economic Report, No. 36, November 2016
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dc.title.alternative
Российская экономика : постепенное медленное движение вперед
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dc.title.subtitle
The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?
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dc.type
Report
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okr.date.disclosure
2016-11-09
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okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
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okr.doctype
Economic & Sector Work
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okr.docurl
http://documents.worldbank.org/curated/en/424231478762595715/The-Russian-economy-inches-forward-will-that-suffice-to-turn-the-tide
en_US
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b0846d5b69_1_0
en_US
okr.identifier.internaldocumentum
26927028
en_US
okr.identifier.report
110037
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okr.imported
true
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okr.pdfurl
http://documents.worldbank.org/curated/en/424231478762595715/pdf/110037-WP-P161778-PUBLIC-ENGLISH-NovfinalRussiaInchingtowardsGrowthRERfinal.pdf
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okr.region.administrative
Europe and Central Asia
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okr.region.country
Russian Federation
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okr.topic
Macroeconomics and Economic Growth :: Economic Growth
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okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
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okr.topic
Poverty Reduction :: Achieving Shared Growth
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okr.topic
Poverty Reduction :: Inequality
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okr.topic
Social Protections and Labor :: Pensions & Retirement Systems
en_US
okr.unit
Macroeconomics and Fiscal Management Global Practice
en_US

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