Russian Economic Report, No. 35, April 2016 : The Long Journey to Recovery
Russia’s anticipated economic recovery was delayed. In 2015 the Russian economy began its difficult adjustment to the severe global oil-price shock and the imposition of economic sanctions in 2014. The impact of these twin shocks drove Russia’s economy into a deep recession, which reached its nadir in the second quarter of 2015. Following a brief rally early in the year, a further decline in global oil prices in August 2015 derailed an anticipated recovery, and annual real GDP contracted by a total of 3.7 percent. This report series is produced twice a year by World Bank economists in the Macroeconomics and Fiscal Management Global Practice.
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| Format: | Report biblioteca |
| Language: | en_US |
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World Bank, Washington, DC
2016-04-08
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| Subjects: | recession, economic growth, balance of payments, monetary policy, poverty trends, economic outlook, shared prosperity, export competitiveness, direct foreign investment, |
| Online Access: | http://hdl.handle.net/10986/24028 |
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