Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How?

Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How?

Global growth is broadly stable but downside risks from rising trade tensions are increasing.A weakening recovery in trade and manufacturing activities is weighing down global growth. Global goods trade has decelerated more rapidly than expected. U...

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Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
ECONOMIC GROWTH
BALANCE OF PAYMENTS
OIL AND GAS
MONETARY POLICY
LABOR MARKET
POVERTY REDUCTION
FISCAL TRENDS
EXPORT COMPETITIVENESS
Online Access:http://documents.worldbank.org/curated/en/215711545408416700/Russia-Economic-Report-November-2018-No-40-Preserving-Stability-Doubling-Growth-Halving-Poverty-How
http://hdl.handle.net/10986/31158
id okr-10986-31158
recordtype oai_dc
spelling okr-10986-311582021-05-25T09:53:47Z Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How? World Bank Group ECONOMIC GROWTH BALANCE OF PAYMENTS OIL AND GAS MONETARY POLICY LABOR MARKET POVERTY REDUCTION FISCAL TRENDS EXPORT COMPETITIVENESS Global growth is broadly stable but downside risks from rising trade tensions are increasing.A weakening recovery in trade and manufacturing activities is weighing down global growth. Global goods trade has decelerated more rapidly than expected. U.S. tariff s and the retaliatoryresponses of its trading partners have affected 2.5 percent of global goods imports. Surveys ofcompanies in the U.S., China and Japan suggest that the risks of a trade war have not yet fullymaterialized. While the Eurasian Union (excluding Russia) posted strong growth in 2018, Russia'smain trading partners – the Euro area and China – experienced a growth slowdown. Financial conditions for Emerging Markets and Developing Economies (EMDEs) are tightening. Divergent monetary policies and growth prospects among the U.S. and other major economies contributed to a significant appreciation of the U.S. dollar in 2018. This, together with intensifying trade tensions, deteriorating growth prospects and renewed attention to external vulnerabilities has contributed to significant depreciations and capital outflows in many EMDEs. EMDE currencies fell – including the Russian ruble – and cumulative portfolio outflows from EMDEs surpassed those seen after the 2013 taper tantrum. Economies with external vulnerabilities, including Argentina, Indonesia, and Turkey, experienced the sharpest currency depreciations. While the spillover from those countries has been limited, the intensification of turmoil could lead investors to reevaluate their exposure to EMDEs and to capital outflows. 2019-01-15T18:47:37Z 2019-01-15T18:47:37Z 2018-11 Report http://documents.worldbank.org/curated/en/215711545408416700/Russia-Economic-Report-November-2018-No-40-Preserving-Stability-Doubling-Growth-Halving-Poverty-How http://hdl.handle.net/10986/31158 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Europe and Central Asia Russian Federation
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC GROWTH
BALANCE OF PAYMENTS
OIL AND GAS
MONETARY POLICY
LABOR MARKET
POVERTY REDUCTION
FISCAL TRENDS
EXPORT COMPETITIVENESS
spellingShingle ECONOMIC GROWTH
BALANCE OF PAYMENTS
OIL AND GAS
MONETARY POLICY
LABOR MARKET
POVERTY REDUCTION
FISCAL TRENDS
EXPORT COMPETITIVENESS
World Bank Group
Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How?
geographic_facet Europe and Central Asia
Russian Federation
description Global growth is broadly stable but downside risks from rising trade tensions are increasing.A weakening recovery in trade and manufacturing activities is weighing down global growth. Global goods trade has decelerated more rapidly than expected. U.S. tariff s and the retaliatoryresponses of its trading partners have affected 2.5 percent of global goods imports. Surveys ofcompanies in the U.S., China and Japan suggest that the risks of a trade war have not yet fullymaterialized. While the Eurasian Union (excluding Russia) posted strong growth in 2018, Russia'smain trading partners – the Euro area and China – experienced a growth slowdown. Financial conditions for Emerging Markets and Developing Economies (EMDEs) are tightening. Divergent monetary policies and growth prospects among the U.S. and other major economies contributed to a significant appreciation of the U.S. dollar in 2018. This, together with intensifying trade tensions, deteriorating growth prospects and renewed attention to external vulnerabilities has contributed to significant depreciations and capital outflows in many EMDEs. EMDE currencies fell – including the Russian ruble – and cumulative portfolio outflows from EMDEs surpassed those seen after the 2013 taper tantrum. Economies with external vulnerabilities, including Argentina, Indonesia, and Turkey, experienced the sharpest currency depreciations. While the spillover from those countries has been limited, the intensification of turmoil could lead investors to reevaluate their exposure to EMDEs and to capital outflows.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How?
title_short Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How?
title_full Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How?
title_fullStr Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How?
title_full_unstemmed Russia Economic Report, November 2018 : Preserving Stability, Doubling Growth, Halving Poverty – How?
title_sort russia economic report, november 2018 : preserving stability, doubling growth, halving poverty – how?
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/215711545408416700/Russia-Economic-Report-November-2018-No-40-Preserving-Stability-Doubling-Growth-Halving-Poverty-How
http://hdl.handle.net/10986/31158
_version_ 1764473675626577920

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