Russian Economic Report No. 17
Russian Economic Report No. 17, 2008
45 Pages Posted: 10 Apr 2011
Date Written: 2008
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
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