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Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery.
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):
- Accounting.
- Agriculture.
- Bonds.
- Capital Expenditures.
- Capital Flows.
- Capital Markets.
- Coal.
- Credit Default Swaps.
- Debt.
- Developing Countries.
- Development Policy.
- Economic Forecasting.
- Economic Growth.
- Equity Markets.
- Expenditures.
- Financial Crisis.
- Financial Institutions.
- Financial Sector.
- Financial Services.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Government Banks.
- Housing.
- Human Capital.
- Income Tax.
- Industrialization.
- Inflation.
- Investment Climate.
- Living Standards.
- Local Government.
- Macroeconomics and Economic Growth.
- Migration.
- Minimum Wage.
- Monetary Policy.
- Municipalities.
- National Urban Development Policies & Strategies.
- Poverty Reduction.
- Price Volatility.
- Public Debt.
- Recession.
- Reserve Funds.
- Social Safety Nets.
- Sovereign Debt.
- Telecommunications.
- Transport.
- Unemployment.
- Urban Areas.
- Urban Development.
- Urbanization.
- Local Subjects:
- Accounting.
- Agriculture.
- Bonds.
- Capital Expenditures.
- Capital Flows.
- Capital Markets.
- Coal.
- Credit Default Swaps.
- Debt.
- Developing Countries.
- Development Policy.
- Economic Forecasting.
- Economic Growth.
- Equity Markets.
- Expenditures.
- Financial Crisis.
- Financial Institutions.
- Financial Sector.
- Financial Services.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Government Banks.
- Housing.
- Human Capital.
- Income Tax.
- Industrialization.
- Inflation.
- Investment Climate.
- Living Standards.
- Local Government.
- Macroeconomics and Economic Growth.
- Migration.
- Minimum Wage.
- Monetary Policy.
- Municipalities.
- National Urban Development Policies & Strategies.
- Poverty Reduction.
- Price Volatility.
- Public Debt.
- Recession.
- Reserve Funds.
- Social Safety Nets.
- Sovereign Debt.
- Telecommunications.
- Transport.
- Unemployment.
- Urban Areas.
- Urban Development.
- Urbanization.
- Other Title:
- Russian Economic Report, No. 22, June 2010
- Place of Publication:
- Washington, D.C. : The World Bank, 2010.
- System Details:
- data file
- Summary:
- Amid heightened global uncertainties, Russia is experiencing a bumpy recovery. Domestic demand is rising, but unemployment remains high, and credit and investment remain limited. The budget has benefited from higher oil prices, but fiscal consolidation remains important in the medium term. Crumbling infrastructure, especially in transport, could hamper the economy's competitiveness and longer-term growth prospects. The debt crisis in Western Europe sharpens the downside risks to global recovery and oil prices. But the effects on Russia are likely to be blunted by its stronger fiscal and debt positions and by limited trade and financial links with the affected countries. Russia is likely to grow by 4.5 percent in 2010, followed by 4.8 percent in 2011, as domestic demand expands in line with gradual improvements in the labor and credit markets. Employment is expected to improve gradually, however, enabling some further reductions in poverty.
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