Russian economic report No. 17 (November 2008), The World Bank

Zeljko, Bogetic and Karlis, Smits and Sergey, Ulatov and Olga, Emelyanova and Marco, Hernandez (2008): Russian economic report No. 17 (November 2008), The World Bank. Published in: Russian Economic Report , Vol. World, No. No. 17 (18 November 2008)

Abstract

After a decade of high growth, the Russian econoomy is experiencing a slowdown in the wake of the global financial crisis. While Russia's strong short-term macroeconomic fundamentals make it better 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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Russia; Russian economy; Russian financial crisis; energy efficiency
• Subjects: P - Economic Systems > P2 - Socialist Systems and Transitional Economies; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics; A - General Economics and Teaching > A1 - General Economics > A10 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy; F - International Economics > F3 - International Finance; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

References

Not available