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:
CDS
CPI
M2
OIL
TAX
Online Access:http://documents.worldbank.org/curated/en/974021468092953100/Russian-economic-report
http://hdl.handle.net/10986/27777
id okr-10986-27777
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic 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
spellingShingle 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
World Bank
Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery
geographic_facet Europe and Central Asia
Russian Federation
relation Russian Economic Report;No. 22
description 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.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery
title_short Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery
title_full Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery
title_fullStr Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery
title_full_unstemmed Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery
title_sort russian economic report, no. 22, june 2010 : a bumpy recovery
publisher Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/974021468092953100/Russian-economic-report
http://hdl.handle.net/10986/27777
_version_ 1764465075334152192
spelling okr-10986-277772021-04-23T14:04:44Z Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery World Bank 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 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. 2017-08-14T20:20:49Z 2017-08-14T20:20:49Z 2010-06-16 Report http://documents.worldbank.org/curated/en/974021468092953100/Russian-economic-report http://hdl.handle.net/10986/27777 English en_US Russian Economic Report;No. 22 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Europe and Central Asia Russian Federation