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

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Author Info
Zeljko, Bogetic
Karlis , Smits
Sergey , Ulatov
Olga, Emelyanova
Marco , Hernandez

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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.

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File URL: http://mpra.ub.uni-muenchen.de/12434/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12434.

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Date of creation: 18 Nov 2008
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Handle: RePEc:pra:mprapa:12434

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Related research
Keywords: Russia; Russian economy; Russian financial crisis; energy efficiency;

Find related papers by JEL classification:
P2 - Economic Systems - - Socialist Systems and Transition Economies
B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
A10 - General Economics and Teaching - - General Economics - - - General
Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
E2 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment
F3 - International Economics - - International Finance
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages

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This page was last updated on 2009-11-29.

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