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Russian Economic Report No 22 (A Bumpy Recovery)

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  • The World Bank in Russia

    (The World Bank in Russia)

Abstract

Amid heightened global uncertainties, Russia is experiencing a bumpy recovery. Domestic demand is rising, but unemployment remains high, and credit and investment remain limited. The budget has benefited from higher oil prices, but fiscal consolidation remains important in the medium term. Crumbling infrastructure, especially in transport, could hamper the economy’s competitiveness and longer-term growth prospects. Russia is likely to grow by 4.5 percent in 2010, followed by 4.8 percent in 2011, as domestic demand expands in line with gradual improvements in the labor and credit markets. Employment is expected to improve gradually, however, enabling some further reductions in poverty.

Suggested Citation

  • The World Bank in Russia, 2010. "Russian Economic Report No 22 (A Bumpy Recovery)," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 5-39.
    • Handle: RePEc:rnp:ecopol:10412
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    File URL: https://repec.ranepa.ru/rnp/ecopol/10412.pdf
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    Cited by:

    1. Damiano Cerrone & Jesús López Baeza & Panu Lehtovuori & Daniele Quercia & Rossano Schifanella & Luca Aiello, 2021. "Implementing Gehl’s Theory to Study Urban Space. The Case of Monotowns," Sustainability, MDPI, vol. 13(9), pages 1-17, May.
    2. Ichiro Iwasaki & Yuko Adachi, 2024. "Legal Weakness, Investment Risks, and Distressed Acquisitions: Evidence from Russian Regions," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 66(1), pages 1-69, March.
    3. World Bank, 2010. "Belarus - Industrial Performance before and During the Global Crisis : Belarus Economic Policy Notes - Note No. 1," World Bank Publications - Reports 2906, The World Bank Group.
    4. Zuopeng Xiao & Tianbao Liu & Yanwei Chai & Mengke Zhang, 2020. "Corporate-Run Society: The Practice of the Danwei System in Beijing during the Planned Economy Period," Sustainability, MDPI, vol. 12(4), pages 1-15, February.

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