Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery

Amid heightened global uncertainties, Russia is experiencing a bumpy recovery. Domestic demand is rising, but unemployment remains high, and credit and investment remain limited. The budget has benefited from higher oil prices, but fiscal consolida...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCOUNTING ADVERSE IMPACT AGGREGATE DEMAND AGRICULTURE ALTERNATIVE EMPLOYMENT APPROPRIATE TECHNOLOGY ARREARS BALANCE OF PAYMENTS BANK LENDING BANKING SECTOR BANKING SECTORS BASIS POINTS BOND BOND FINANCING BOND ISSUANCE BONDS BORROWING CAPACITY BUDGET DEFICIT CAPITAL ACCOUNT CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL MARKETS CAPITAL OUTFLOWS CAPITALIST ECONOMIES CDS CENTRAL BANK COAL COMMODITY PRICE COMPETITIVENESS CONSOLIDATION CORPORATE PROFIT TAX CPI CREDIT CONSTRAINTS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT DEFAULT SWAPS CREDIT GROWTH CREDIT MARKETS CREDITS CROWDING OUT CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT SURPLUS CURRENT EXPENDITURES DEBT DEBT CAPITAL DEBT CRISIS DEBT DEFAULT DEBT OBLIGATION DEBT OBLIGATIONS DEBT OFFERING DEBT REPAYMENTS DEBT SERVICE DEFAULTS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT POLICY DEVELOPMENT STRATEGY DEVOLUTION DIRECT INVESTMENTS DISPOSABLE INCOME DISPOSABLE INCOMES DIVERSIFICATION DIVISION OF LABOR DOLLAR DEBT ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC RESOURCES ECONOMISTS EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EMPLOYMENT GROWTH EMPLOYMENT SITUATION ENFORCEMENT POWERS ENTREPRENEURSHIP ENVIRONMENTAL EQUIPMENT EQUITY MARKETS EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL DEBTS EXTERNAL FINANCING FAIR VALUE FEDERAL BUDGET FEDERAL BUDGETS FEDERAL INVESTMENT FINANCIAL ACCOUNT FINANCIAL CRISIS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SUPPORT FINANCING NEEDS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED CAPITAL FIXED CAPITAL INVESTMENT FIXED INVESTMENT FLEXIBLE EXCHANGE RATE FOREIGN CURRENCY FOREIGN DEBT FORESTRY GOVERNMENT BANKS GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES HEALTH SERVICES HIGH UNEMPLOYMENT HOLDINGS HOUSEHOLDS HOUSING HUMAN CAPITAL INCOME GROWTH INCOME LEVEL INCOME TAX INDEBTED COUNTRIES INDUSTRIALIZATION INFLATION INFLATION RATE INFLATIONARY PRESSURE INFRASTRUCTURE INVESTMENTS INTEREST PAYMENTS INTERNATIONAL BOND INTERNATIONAL BOND ISSUE INTERNATIONAL BOND MARKET INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL MARKETS INVENTORIES INVENTORY INVESTMENT ACTIVITY INVESTMENT CLIMATE INVESTMENT FUND INVESTMENT INCOME INVESTMENT STRATEGY JOB OPPORTUNITIES LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LAND HOLDINGS LEADING INDICATORS LIQUID MARKETS LIVING STANDARDS LOCAL ECONOMY LOCAL GOVERNMENT M2 MACROECONOMIC POLICY MARKET ACCESS MARKET ECONOMIES MARKET FAILURES METALS MIDDLE INCOME COUNTRY MIGRANT LABOR MIGRATION MINES MINIMUM WAGE MONETARY POLICIES MONETARY POLICY MONEY SUPPLY MULTIPLIERS MUNICIPAL FINANCE MUNICIPALITIES NATIONAL ECONOMY NET EXPORTS OIL OIL PRICE OIL PRICES OPEC PENSION PENSION FUND PENSIONS PERSONAL INCOME PRICE VOLATILITY PRIVATE CAPITAL PRIVATE DEBT PRODUCERS PRODUCTION CAPACITY PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC EXPENDITURES REAL GDP REAL WAGES RECESSION REGISTRATION LAWS REGISTRATION SYSTEM RESERVE RESERVE FUND RESERVE FUNDS RESERVES RETURN RETURNS RISK PERCEPTIONS SAFETY NETS SETTLEMENT SMALL BUSINESS SOCIAL SAFETY NETS SOCIAL SERVICES SOVEREIGN DEBT SOVEREIGN RISK STOCKS STRUCTURAL CHANGE SUBSIDIARIES TAX TAX COLLECTIONS TAX RATE TAX REVENUES TELECOMMUNICATIONS TIMBER TOTAL OUTPUT TRADE BALANCE TRADING TRANSPORT TREASURIES UNDERLYING PROBLEMS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN AREAS URBANIZATION VALUE ADDED WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/974021468092953100/Russian-economic-report http://hdl.handle.net/10986/27777

Description
Summary:	Amid heightened global uncertainties, Russia is experiencing a bumpy recovery. Domestic demand is rising, but unemployment remains high, and credit and investment remain limited. The budget has benefited from higher oil prices, but fiscal consolidation remains important in the medium term. Crumbling infrastructure, especially in transport, could hamper the economy's competitiveness and longer-term growth prospects. The debt crisis in Western Europe sharpens the downside risks to global recovery and oil prices. But the effects on Russia are likely to be blunted by its stronger fiscal and debt positions and by limited trade and financial links with the affected countries. Russia is likely to grow by 4.5 percent in 2010, followed by 4.8 percent in 2011, as domestic demand expands in line with gradual improvements in the labor and credit markets. Employment is expected to improve gradually, however, enabling some further reductions in poverty.

Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery

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