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

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

Zeljko Bogetic (), Smits Karlis , Ulatov Sergey , Emelyanova Olga and Hernandez Marco

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Russia; Russian economy; Russian financial crisis; energy efficiency (search for similar items in EconPapers)
JEL-codes: P2 B22 A10 Q4 E2 F3 E5 F41 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-mac and nep-tra
Date: 2008-11-18

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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:12434

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