Jobless Recovery?

Abstract:     
Russia is likely to witness robust but jobless recovery in the short term. Reforms aimed at modernizing public sector, strengthening financial sector, improving investment climate and diversifying the economy have become all the more important as a result of the crisis. The Russian economy is likely to rebound by about 5 to 5.5 percent in 2010, followed by more moderate growth of 3.5 percent in 2011, led mainly by the revival of domestic demand.

Number of Pages in PDF File: 34

Keywords: Russia, Russian economy, growth, inflation, poverty, unemployment

JEL Classification: E1, O1, O11, O12, O52, P30

working papers series