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World growth is projected to fall to ½ percent in 2009, its lowest rate since World War II. Despite wide-ranging policy actions, financial strains remain acute, pulling down the real economy. A sustained economic recovery will not be possible until the financial sector's functionality is...
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hypothesis through their implementation in practice - macroeconomic policies in the USA, in post-soviet countries (Russia and … discretionary policy and classical rules. The so-called economic stabilization programs for Russia, Georgia and Turkey sponsored by … the IMF have led to absolutely different and not always positive results. In particular, Russia overcame recession and …
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This 2016 Article IV Consultation highlights that the Russian economy contracted by 3.7 percent in 2015 owing to falling oil prices and the quasi closure of international financial markets to Russian entities. The economic contraction is nonetheless shallower than previous recessions as a...
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Economic developments in 2000 have dominated by the strength of the balance of payments. Real GDP has grown by 7.5 percent in 2000, but the momentum has slowed during the year. The external current account surplus is estimated at US$45 billion (18 percent of GDP) in 2000, driven by the sharp...
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