Russian Federation Staff Report for the 2015 Article IV Consultation

This 2015 Article IV Consultation highlights that Russia entered 2014 with declining potential growth owing to the stabilization of oil prices, stalled structural reforms, weak investment, declining total factor productivity, and adverse population dynamics. In addition, the ongoing slowdown was exa...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 63 pages 
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653 |a Energy: Demand and Supply 
653 |a Payment Systems 
653 |a Banks 
653 |a Banks and banking 
653 |a Regimes 
653 |a Financial services 
653 |a Deflation 
653 |a Exports and Imports 
653 |a Mortgages 
653 |a International Lending and Debt Problems 
653 |a External debt 
653 |a Money 
653 |a Foreign Exchange 
653 |a Standards 
653 |a Correspondent banking 
653 |a Macroeconomics 
653 |a Banking 
653 |a Financial reporting, financial statements 
653 |a Foreign exchange 
653 |a Depository Institutions 
653 |a Government and the Monetary System 
653 |a Inflation 
653 |a Oil prices 
653 |a Monetary economics 
653 |a Micro Finance Institutions 
653 |a Currency 
653 |a International economics 
653 |a Debts, External 
653 |a Price Level 
653 |a Correspondent banks 
653 |a Banks and Banking 
653 |a Monetary Systems 
653 |a Prices 
653 |a Exchange rates 
653 |a Money and Monetary Policy 
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520 |a This 2015 Article IV Consultation highlights that Russia entered 2014 with declining potential growth owing to the stabilization of oil prices, stalled structural reforms, weak investment, declining total factor productivity, and adverse population dynamics. In addition, the ongoing slowdown was exacerbated by the dual external shocks from the sharp decline in oil prices and sanctions. The authorities took measures to stabilize the economy and the financial system. Russia is expected to be in recession in 2015 owing to the sharp drop in oil prices and sanctions. Growth should resume in 2016 while inflation continues to decline