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Decomposition of Russian GDP growth rates has been performed to assess conditions that would enable Russia to achieve economic growth rates surpassing the worldwide average. In 2017, the contribution of fundamental factors of production (labour, capital, total factor productivity) to Russian GDP...
Persistent link: https://www.econbiz.de/10012923447
In Q 3-4 2016, Russia's economy entered the phase of cyclical growth from the lowest point of the business cycle, its typical feature being the unstable movement patterns of the main socioeconomic development indicators. Inflation hit its historic low. The ruble's strengthening boosted the...
Persistent link: https://www.econbiz.de/10012959655
Our macroeconomic forecast of the most probable scenarios for 2016–2018 indicates that the Russian economy will pass through the lowest point of the current crisis in mid-2016, and that thereafter, from H2 2016 onwards, it will start displaying signs of stabilization and even recovery. In...
Persistent link: https://www.econbiz.de/10012986095
Preliminary data on Russia's economic results of 2015, as well as the current trends in the global energy market, give grounds for revising down possible scenarios for Russia's economy in 2016-2017. For instance, a scenario of yearly average oil prices staying at $35 a barrel in 2016 is now the...
Persistent link: https://www.econbiz.de/10012998564