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Russian Federation

Author

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  • Andreea-Emanuela Dragoi

Abstract

After a prolonged slowdown of economic growth in 2014, according to the latest international forecasts (IMF, World Bank, European Commission), the Russian economy will face the recession threat in 2015. This downturn represents the consequence of the continuing lowering of oil price, combined with the negative effects of economic sanctions imposed by the international community (in response to the Russian involvement in the Ukrainian crisis). Some international experts (IMF, 2015) consider that the growth decline was triggered by the poor diversification of productive activity along with the increased dependence on oil and other energy products exports.

Suggested Citation

  • Andreea-Emanuela Dragoi, 2015. "Russian Federation," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2015:id:2822000009588011
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