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Macroeconomic developments have been very favorable since early 1999, strengthening in important areas lately. Real GDP has more than recovered from the recession that followed the 1998 crisis and the recovery is gaining momentum, with recent data suggesting that real GDP is growing at an annual...
Persistent link: https://www.econbiz.de/10014402775
exchange market, and Russia’s banking system is still comfortably liquid with overnight interbank rates at the lower end of the …
Persistent link: https://www.econbiz.de/10014402837
The Russian economy has improved after the recession, but recovery is fragile. Executive Directors appreciated the pre …
Persistent link: https://www.econbiz.de/10014402945
The Russian Federation economy saw growth of about 4 percent and a current account surplus—the result of favorable … Central Bank of Russia (CBR), managing domestic demands, and non-vulnerability to oil price variation were suggested by the … involvement in the economy, and enhancement of communication policies were also recommended …
Persistent link: https://www.econbiz.de/10014395454
. The economy continues to benefit from the earlier reforms and the post-crisis real depreciation of the ruble, as well as …
Persistent link: https://www.econbiz.de/10014407130
agencies upgraded Russia’s debt. The near- to medium-term outlook remains favorable. The recent successes in building up strong … external and fiscal positions should enable Russia to deal with the current less favorable external environment with the …
Persistent link: https://www.econbiz.de/10014407149
This 2009 Article IV Consultation highlights that the banking system of the Russian Federation is under increasing strain, and private sector credit is contracting. The authorities’ response to the crisis has been swift and substantial, driven by concerns that weaknesses in the banking and...
Persistent link: https://www.econbiz.de/10014406684
This 2005 Article IV Consultation highlights that Russia is in its seventh year of robust economic growth. This strong … lax. The economy is expected to continue to grow robustly, although not at the pace seen before last year’s slowdown …
Persistent link: https://www.econbiz.de/10014406753
Propelled by large terms-of-trade gains, GDP growth has accelerated and is running close to potential. The demand pressures associated with the large terms-of-trade gains are reflected in a fast real appreciation of the ruble, although more of this has come through nominal appreciation during...
Persistent link: https://www.econbiz.de/10014404652