Publication: Russia Economic Report, No. 42, December 2019: Weaker Global Outlook Sharpens Focus on Domestic Reforms
Date
2019-12
ISSN
Published
2019-12
Author(s)
World Bank Group
Abstract
After a weak performance in the first
half of 2019, helped by monetary easing, faster public
spending and some one-off effects, economic growth in Russia
picked up in the third quarter at 1.7 percent, y/y.
Consequently, our 2019 forecast has been revised upwards to
1.2 percent (from its previous reading of 1 percent).
Globally, growth has weakened substantially in 2019,
reflecting a broad-based slowdown in industrial activity and
global trade. Slowing external demand and the OPEC
agreement weighed on Russia's exports performance.
Crude oil prices fell 14 percent in January-September 2019,
y/y, reflecting a downturn in the world economy.
Citation
“World Bank Group. 2019. Russia Economic Report, No. 42, December 2019: Weaker Global Outlook Sharpens Focus on Domestic Reforms. © World Bank, Moscow. http://hdl.handle.net/10986/33121 License: CC BY 3.0 IGO.”