The long-term downward trend in the price of oil, along with geopolitical tensions, has added to Russia’s economic troubles. Notwithstanding its partially successful efforts to maintain financial market stability, Russia will have to implement long-delayed reforms to rebuild the economy’s buffers. This expert examination of the country’s economy, a recap of the International Monetary Fund’s recent bilateral discussions with Russian authorities, is accessible to a generalist audience but detailed enough for economists and analysts. getAbstract recommends it to executives looking for a quick yet fairly comprehensive review of Russia’s present-day issues and future challenges.
In this summary, you will learn
- How economic sanctions and a drop in oil prices will affect Russia in 2015,
- What measures authorities have adopted to stabilize the economy, and
- What long-term structural deficiencies Russia must address to implement meaningful reform.
About the Author
The International Monetary Fund advises member nations on policy issues and works to promote economic stability and well-being.