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Russia Economic Report, No. 42, December 2019 : Weaker Global Outlook Sharpens Focus on Domestic Reforms.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Economic Updates and Modeling.
- World Bank e-Library.
- Economic Updates and Modeling
- Language:
- English
- Subjects (All):
- Economic Growth.
- Export Competitiveness.
- Fiscal and Monetary Policy.
- Fiscal Policy.
- Labor Market.
- Labor Markets.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty.
- Social Protections and Labor.
- Trade.
- Trade Policy.
- Local Subjects:
- Economic Growth.
- Export Competitiveness.
- Fiscal and Monetary Policy.
- Fiscal Policy.
- Labor Market.
- Labor Markets.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty.
- Social Protections and Labor.
- Trade.
- Trade Policy.
- Other Title:
- Russia Economic Report, No. 42, December 2019
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- 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.
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