This handbook is a comprehensive up-to-date study of the Russian economy. Russian and Western authors analyze the current economic situation, trace the impact of Soviet legacies and of post-Soviet transition policies, examine the main social challenges, and propose directions for reforms.

Global growth gained momentum in 2017. After slowing to 2.4 percent in 2016 as investment and trade weakened, global growth accelerated to a projected 2.7 percent for 2017.Moreover, the recovery has been broad-based.Global trade also continued to strengthen and external financing conditions...