Princeton University Library Catalog

Russian Federation [electronic resource] : Staff Report for the 2016 Article IV Consultation-Press Release; and Staff Report.

Author:
International Monetary Fund. European Dept [Browse]
Format:
Book
Language:
English
Published/​Created:
[Washington, D.C.: International Monetary Fund, 2016]
Description:
1 online resource (93 p.)
Series:
IMF Staff Country Reports [More in this series]
Summary note:
This 2016 Article IV Consultation highlights that the Russian economy contracted by 3.7 percent in 2015 owing to falling oil prices and the quasi closure of international financial markets to Russian entities. The economic contraction is nonetheless shallower than previous recessions as a stronger external position and the authorities' economic package cushioned the shocks, helped restore confidence and stabilized the financial system. Lower oil prices and needed fiscal adjustment will keep the economy in recession in 2016 with an expected decline in real GDP of 1.2 percent. Growth is expected to resume in 2017 and reach 1 percent, as domestic demand slowly recovers on the back of easing financial conditions and pent up demand.
Source of description:
Description based on print version record.
ISBN:
1498362249 :
Doi:
  • 10.5089/9781498362245.002
Related name:
Other views:
Staff view