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Russian Federation

Author

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  • Andreea Dragoi

Abstract

The year 2012 marked the beginning of the Russian economy recovery and, in our view, the GDP growth was driven by the positive trend of domestic demand and its main sub-components (private consumption and productive investment). Our analysis will highlight the key factors that supported growth but at the end of our research we will show that while the Russian Federation is set on the path to economic recovery, this country is going to face some economic challenges in 2013. While the EU will continue to seek solutions for overcoming the sovereign debt crisis, with repercussions on the behaviour of investors and on the oil prices, the Russian Federation will try to preserve the positive evolution of its main macroeconomic indicators. This challenge will be even more difficult since the March elections will most likely lead to the high increase of budgetary spending. In addition, the EU Member States' economic difficulties threaten to affect Russian exports, which were in the years before the crisis, the main driver of economic growth. National analysts, however, are more optimistic showing that, after the presidential election (from March 2012), the economic reforms will be most likely resumed, a phenomenon that is expected to encourage investors.

Suggested Citation

  • Andreea Dragoi, 2012. "Russian Federation," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2012:id:2822000009564003
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