IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxiiy2012i2p52-56.html
   My bibliography  Save this article

Russia Under the Impact of the Global Economic Crisis

Author

Listed:
  • Mihai Ioana-Iulica

    () (Constantin Brancoveanu University from Pitesti)

Abstract

The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and in 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. Despite official attempts to designate Russia as a safe-haven in the stormy sea of the global financial crisis, the crisis has deeply affected the Russian economy. Russia’s fiscal decline –from an average of 7 percent annual growth before the crisis to a loss of 7.9 percent GDP in 2009 – is the highest figure among G20 countries.

Suggested Citation

  • Mihai Ioana-Iulica, 2012. "Russia Under the Impact of the Global Economic Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 52-56, Decembre.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:52-56
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p2v2.pdf
    Download Restriction: no

    More about this item

    Keywords

    Global Economic Crisis; Anti-crisis Policy; Business; Inflation;

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:52-56. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gheorghiu Gabriela). General contact details of provider: http://edirc.repec.org/data/feoviro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.