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Russian foreign trade in 2022

Author

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  • Volovik Nadezhda

    (Gaidar Institute for Economic Policy)

Abstract

In late 2021 and early 2022, the global recovery from the pandemic was expected to continue in 2022 and 2023, supported by continued progress in vaccination, favorable macroeconomic policies in major economies, and financial conditions. In December 2021, the OECD projected global GDP growth of 4.5% in 2022 and 3.2% in 2023.3 National accounts data in early 2022 were broadly in line with this forecast, with business activity recovering quickly in most countries following a decline in the number of people infected with the Omicron strain. However, higher food and energy prices, supply constraints associated with the pandemic, and a rapid recovery in demand since mid-2020 have accelerated inflation in most OECD countries, especially in the United States, Latin America, and many Central and Eastern European countries.

Suggested Citation

  • Volovik Nadezhda, 2023. "Russian foreign trade in 2022," Published Papers ppaper-2023-1279, Gaidar Institute for Economic Policy, revised 2023.
    • Handle: RePEc:gai:ppaper:ppaper-2023-1279
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2023-1279.pdf
    File Function: Revised Version, 2023
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    More about this item

    Keywords

    Russian economy; foreign trade; terms of trade; regional pattern;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F19 - International Economics - - Trade - - - Other

    NEP fields

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