Recovery After the Crisis

Andrey Vavilov

Chapter 7 in The Russian Public Debt and Financial Meltdowns, 2010, pp 187-212 from Palgrave Macmillan

Abstract: Abstract The crisis of 1998 affected the entire economic system in Russia. The future seemed very uncertain. International financial institutions (IMF 1998) gave a disappointing forecast for the Russian economy (most analysts predicted 1999 consumer price inflation would be in the range 80–200 per cent and that there would be a real GDP decrease of 4–10 per cent1). This pessimistic view was based not only on the aftermath of the crisis. The coming to power of the left-leaning government inspired the worst fears of the populist measures and hyperinflation.

Keywords: External Debt; Cash Payment; Credit Institution; Debt Burden; Debt Obligation (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28208-7_8

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DOI: 10.1057/9780230282087_8

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