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The risks to the global economy are growing and so are risks to Russia’s growth. Russia’s short-term economic and fiscal situation remains favorable because of high oil prices with an almost balanced budget this year. But the balance of macroeconomic risks has shifted toward an uncertain...
Persistent link: https://www.econbiz.de/10014177596
Russia’s economy contracted 4.6 percent in the second quarter, year-on-year, after a 2.2 percent contraction in the first quarter, but in June the pace of contraction slowed. Russia’s second quarter balance of payment remained stable despite a weaker trade balance as the current account...
Persistent link: https://www.econbiz.de/10012567429
In June, the European Council extended EU economic sanctions against Russia for another six months while Russia extended its food import ban against Western countries for a year. A fluid situation on global financial markets and yet again lower growth prospects led to oil prices losing ground in...
Persistent link: https://www.econbiz.de/10012567430
Second quarter gross domestic product (GDP) estimates and high-frequency indicators suggest continued weakness in the economy even before the latest round of economic sanctions introduced by the European Union (EU), the United States (U.S.), and other countries in late July. The World Bank...
Persistent link: https://www.econbiz.de/10012578259
Russia is a country of global importance and great diversity. The world's largest transcontinental country spans eleven time zones and is the ninth most populous country in the world. Russia is the main trading partner for many of its more than a dozen neighbors. It is richly endowed with...
Persistent link: https://www.econbiz.de/10012646711
Russia is a country of global importance and great diversity. The world’s largest transcontinental country spans eleven time zones and is the ninth most populous country in the world. Russia is the main trading partner for many of its more than a dozen neighbors. It is richly endowed with...
Persistent link: https://www.econbiz.de/10012568437
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Russia had more-or-less completed the privatization of its manufacturing and natural resource sectors by the end of 1997. And in February 1998, the annual inflation rate at last dipped into the single digits. Privatization should have helped with stronger micro-foundations for growth. The...
Persistent link: https://www.econbiz.de/10011394606