Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?

Global growth is weak. It slowed down to 2.2 percent in the first half of 2016. While the Brexit vote has had a limited impact on global growth so far, growth in advanced economies (AE) has been disappointing. Amidst external headwinds, the recessi...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	economic growth balance of payments poverty unemployment monetary policy fiscal trends economic outlook poverty rates fiscal policy redistribution pensions inequality
Online Access:	http://documents.worldbank.org/curated/en/424231478762595715/The-Russian-economy-inches-forward-will-that-suffice-to-turn-the-tide http://hdl.handle.net/10986/25357

id	okr-10986-25357
recordtype	oai_dc
spelling	okr-10986-253572021-05-25T08:55:11Z Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide? World Bank Group economic growth balance of payments poverty unemployment monetary policy fiscal trends economic outlook poverty rates fiscal policy redistribution pensions inequality Global growth is weak. It slowed down to 2.2 percent in the first half of 2016. While the Brexit vote has had a limited impact on global growth so far, growth in advanced economies (AE) has been disappointing. Amidst external headwinds, the recession continues in Russia, although the pace of gross domestic product (GDP) decline has slowed down. After a prolonged recessionary period, headline economic and financial trends and indicators are now picking up. Fiscal tightening at the federal level may also adversely affect the performance of some regions. For 2016, the authors project growth of the Russian economy at -0.6 percent, an improvement from earlier June forecast of -1.2 percent. This growth upsurge, however, is unlikely to turn the tide in terms of building a more diversified economy. While a detailed analyses of structural issues is beyond the scope, bolstering investor sentiment towards Russia by reducing policy uncertainty will help. One important step forward, particularly in light of eroding fiscal buffers with the reserve fund expected to be depleted in 2017, is a return of the medium-term fiscal framework. 2016-11-16T21:05:07Z 2016-11-16T21:05:07Z 2016-11 Report http://documents.worldbank.org/curated/en/424231478762595715/The-Russian-economy-inches-forward-will-that-suffice-to-turn-the-tide http://hdl.handle.net/10986/25357 English en_US 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 en_US
topic	economic growth balance of payments poverty unemployment monetary policy fiscal trends economic outlook poverty rates fiscal policy redistribution pensions inequality
spellingShingle	economic growth balance of payments poverty unemployment monetary policy fiscal trends economic outlook poverty rates fiscal policy redistribution pensions inequality World Bank Group Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?
geographic_facet	Europe and Central Asia Russian Federation
description	Global growth is weak. It slowed down to 2.2 percent in the first half of 2016. While the Brexit vote has had a limited impact on global growth so far, growth in advanced economies (AE) has been disappointing. Amidst external headwinds, the recession continues in Russia, although the pace of gross domestic product (GDP) decline has slowed down. After a prolonged recessionary period, headline economic and financial trends and indicators are now picking up. Fiscal tightening at the federal level may also adversely affect the performance of some regions. For 2016, the authors project growth of the Russian economy at -0.6 percent, an improvement from earlier June forecast of -1.2 percent. This growth upsurge, however, is unlikely to turn the tide in terms of building a more diversified economy. While a detailed analyses of structural issues is beyond the scope, bolstering investor sentiment towards Russia by reducing policy uncertainty will help. One important step forward, particularly in light of eroding fiscal buffers with the reserve fund expected to be depleted in 2017, is a return of the medium-term fiscal framework.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?
title_short	Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?
title_full	Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?
title_fullStr	Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?
title_full_unstemmed	Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?
title_sort	russia economic report, no. 36, november 2016 : the russian economy inches forward - will that suffice to turn the tide?
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/424231478762595715/The-Russian-economy-inches-forward-will-that-suffice-to-turn-the-tide http://hdl.handle.net/10986/25357
_version_	1764459527797735424

Russia Economic Report, No. 36, November 2016 : The Russian Economy Inches Forward - Will that Suffice to Turn the Tide?

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