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Russian Federation: Staff Report for the 2000 Article IV Consultation

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  • International Monetary Fund

Abstract

Macroeconomic developments have been very favorable since early 1999, strengthening in important areas lately. Real GDP has more than recovered from the recession that followed the 1998 crisis and the recovery is gaining momentum, with recent data suggesting that real GDP is growing at an annual rate of 6–7 percent. The strong macroeconomic performance reflects mainly the large real ruble depreciation in 1998, but also the increase in oil prices in world markets and a significant strengthening of fiscal and monetary policies.

Suggested Citation

  • International Monetary Fund, 2000. "Russian Federation: Staff Report for the 2000 Article IV Consultation," IMF Staff Country Reports 2000/145, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2000/145
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3806
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    Cited by:

    1. Zsolt Darvas, 2010. "The Impact of the Crisis on Budget Policy in Central and Eastern Europe," OECD Journal on Budgeting, OECD Publishing, vol. 10(1), pages 1-42.
    2. Homi Kharas & Brian Pinto & Sergei Ulatov, 2001. "An Analysis of Russia's 1998 Meltdown: Fundamentals and Market Signals," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 32(1), pages 1-68.

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