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Russian Economic Report, No. 26, September 2011 : Growing Risks.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Agricultural Subsidies.
- Agriculture.
- Audits.
- Banking Sector.
- Capital Flows.
- Commodity Prices.
- Consumers.
- Debt.
- Developed Countries.
- Economic Forecasting.
- Economic Growth.
- Economic Policy.
- Energy.
- External Shocks.
- Financial Sector.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Global Economy.
- High-Income Countries.
- Inflation.
- Investment Climate.
- Labor Market.
- Macroeconomics and Economic Growth.
- Mortgages.
- Oil & Gas.
- Poverty Lines.
- Poverty Reduction.
- Price Stability.
- Public Debt.
- Public Spending.
- Recession.
- Securities.
- Slowdown.
- Sovereign Debt.
- Supply Side.
- Surplus.
- Trade Policy.
- Uncertainty.
- Unemployment.
- World Trade Organization.
- Local Subjects:
- Agricultural Subsidies.
- Agriculture.
- Audits.
- Banking Sector.
- Capital Flows.
- Commodity Prices.
- Consumers.
- Debt.
- Developed Countries.
- Economic Forecasting.
- Economic Growth.
- Economic Policy.
- Energy.
- External Shocks.
- Financial Sector.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Global Economy.
- High-Income Countries.
- Inflation.
- Investment Climate.
- Labor Market.
- Macroeconomics and Economic Growth.
- Mortgages.
- Oil & Gas.
- Poverty Lines.
- Poverty Reduction.
- Price Stability.
- Public Debt.
- Public Spending.
- Recession.
- Securities.
- Slowdown.
- Sovereign Debt.
- Supply Side.
- Surplus.
- Trade Policy.
- Uncertainty.
- Unemployment.
- World Trade Organization.
- Other Title:
- Russian Economic Report, No. 26, September 2011
- Place of Publication:
- Washington, D.C. : The World Bank, 2011.
- System Details:
- data file
- Summary:
- Russia's economic growth slowed in the second quarter of 2011 as the inventory restocking cycle waned. High oil prices have kept the external current account in surplus but capital outflows continue. Gradually improving labor market conditions and access to credit and external borrowing are supporting domestic consumption but consumer confidence and external risks are constraining a more robust growth in domestic demand. Inflation is on a downward trend because of seasonal factors. The short-term fiscal situation is favorable mainly because of high oil prices with an almost balanced budget this year. But a large non-oil deficit requires concerted medium-term fiscal adjustment to replenish fiscal buffers and to move toward long-term sustainable levels of the non-oil deficit.
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