Russian Federation: 2020 Article IV Consultation-Press Release; Staff Report

International Monetary Fund

No 2021/036, IMF Staff Country Reports from International Monetary Fund

Abstract: Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical response to the crisis, which has helped limit the economic downturn. Nevertheless, the crisis is likely to leave some long-term scars.

Keywords: January data; upside risk; staff appraisal; preliminary data; IMF staff estimate; Oil prices; Fiscal stance; Inflation; Loans; Global; CONSULTATION-SUPPLEMENTARY information; Policy discussion (search for similar items in EconPapers)
Pages: 74
Date: 2021-02-09
New Economics Papers: this item is included in nep-cis and nep-mac
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