Russia Monthly Economic Developments, August 2015

Russia’s economy contracted 4.6 percent in the second quarter, year-on-year, after a 2.2 percent contraction in the first quarter, but in June the pace of contraction slowed. Russia’s second quarter balance of payment remained stable despite a weaker trade balance as the current account improved and capital outflows moderated. Receding oil prices and a further cut in the key policy rates in July brought the ruble exchange rate down to its lowest level since February. Preliminary poverty statistics for the first quarter of 2015 show a significant increase in the number of poor people.

Bibliographic Details

Main Authors:	Hansl, Birgit, Baffes, John, Emelyanova, Olga, Matytsin, Mikhail, Ulatov, Sergei, Vashakmadze, Ekaterine
Format:	Brief biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-08-14
Subjects:	FORECASTS, TARIFFS, DEFICIT, BASIS POINTS, DEPOSITS, EQUITY FLOWS, POVERTY LEVELS, STOCK, DISPOSABLE INCOME, INCOME, INTEREST, DEPRECIATION, EXPECTATIONS, EXCHANGE, REAL GDP, ECONOMIC DEVELOPMENTS, INDEXATION, EXPORTS, DEVELOPING COUNTRIES, RECESSION, REVENUES, PORTFOLIO, FOREIGN CURRENCY RESERVES, FINANCIAL STRESS, CAPITAL ADEQUACY, PRICE, TAX, NON-PERFORMING LOANS, RETAIL TRADE, PAYMENTS, RESERVE, INFLATION, RETAIL, TRENDS, BUDGET, CENTRAL BANK, LABOR MARKET, TRADE BALANCE, OIL PRICES, CURRENCY, CURRENT ACCOUNT, GLOBAL EQUITY, SURPLUS, INTEREST RATES, CAPITAL OUTFLOWS, DEBT, MARKETS, IMPORTS, LOANS, AVERAGE EXCHANGE RATE, RESERVES, UTILITY, CONSUMER DEMAND, FOREIGN CURRENCY, FOOD PRODUCTION, ECONOMIC CONTRACTION, EXPENDITURE, UNEMPLOYMENT, DEPOSITORS, EQUITY, CONSUMPTION, FEDERAL RESERVE, INVESTMENT GOODS, WAGES, COMPETITIVENESS, FEDERAL BUDGET, CREDIT, FIXED INVESTMENT, DEMAND, CONSUMER PRICE, EXPENDITURES, ECONOMY, INCOMES, ASSETS, MARKET, ENERGY PRICES, POVERTY LEVEL, BALANCE OF PAYMENT, OUTPUT, DOMESTIC DEMAND, CREDIT RISK, GOVERNANCE, TRADE, CORE INFLATION, GDP, GOODS, MARKET EXPECTATIONS, INVESTMENT, RISK, SHARE, POVERTY, SUPPLY, GLOBAL DEMAND, UNCERTAINTY, EXTERNAL DEBT, INVESTMENT INCOME, CONSUMER PRICE INDEX, CREDIT GROWTH, EXCHANGE RATE, PRICE INDEX, COMMODITY PRICES, COMMODITY, PRICES, ECONOMIES, STOCK MARKETS,
Online Access:	http://documents.worldbank.org/curated/en/2015/09/24987077/russia-monthly-economic-developments https://hdl.handle.net/10986/22755
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