Russian Economic Report No. 17

Russian Economic Report No. 17, 2008

45 Pages Posted: 10 Apr 2011

Date Written: 2008

Abstract

After a decade of high growth, the Russian economy is experiencing a slowdown in the wake of the global financial crisis. While Russia’s strong short-term macroeconomic fundamentals make it better prepared than many emerging economies to deal with the crisis, its underlying structural weaknesses and high dependence on the price of a single commodity make its impact more pronounced than otherwise. But the crisis also presents an opportunity to address the medium- to longer term challenges of competitiveness, economic diversification, and financial sector modernization which are necessary to boost growth and living standards.

Keywords: Russia, Russian economy, growth, employment, inflation

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

Suggested Citation

Bogetic, Zeljko, Russian Economic Report No. 17 (2008). Russian Economic Report No. 17, 2008. Available at SSRN: https://ssrn.com/abstract=1805804

Zeljko Bogetic (Contact Author)

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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