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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
dc.date.accessioned
2016-11-16T21:05:07Z
dc.date.available
2016-11-16T21:05:07Z
dc.date.issued
2016-11
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.
en
dc.identifier.uri
http://hdl.handle.net/10986/25357
dc.language
English
dc.language.iso
en_US
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
poverty
dc.subject
unemployment
dc.subject
monetary policy
dc.subject
fiscal trends
dc.subject
economic outlook
dc.subject
poverty rates
dc.subject
fiscal policy
dc.subject
redistribution
dc.subject
pensions
dc.subject
inequality
dc.title
Russia Economic Report, No. 36, November 2016
en
dc.title.alternative
Российская экономика : постепенное медленное движение вперед
en
dc.title.subtitle
The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?
dc.type
Report
okr.date.disclosure
2016-11-09
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/424231478762595715/The-Russian-economy-inches-forward-will-that-suffice-to-turn-the-tide
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b0846d5b69_1_0
okr.identifier.internaldocumentum
26927028
okr.identifier.report
110037
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/424231478762595715/pdf/110037-WP-P161778-PUBLIC-ENGLISH-NovfinalRussiaInchingtowardsGrowthRERfinal.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Russian Federation
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Poverty Reduction :: Inequality
okr.topic
Social Protections and Labor :: Pensions & Retirement Systems
okr.unit
Macroeconomics and Fiscal Management Global Practice

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