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

Zeljko Bogetic (), Karlis Smits, 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: A10 B22 E2 E5 F3 F41 G21 P2 Q4 (search for similar items in EconPapers)
Date: 2008-11-18
New Economics Papers: this item is included in nep-cis, nep-mac and nep-tra
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Citations: View citations in EconPapers (4)

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