Rating

7

Qualities

  • Comprehensive
  • Eye Opening
  • Overview

Recommendation

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.

Summary

Delayed structural reforms, a lack of investment, limited capital access, weakened trade, reduced productivity and unfavorable demographics propelled a decline in Russian economic growth between 2011 and 2014. Falling oil prices and intensifying geopolitical issues – in the form of economic sanctions that the United States, the European Union, Japan, Switzerland and others have enacted in response to Russia’s activities in Ukraine – have exacerbated the country’s slowdown. Indeed, Russia can expect an estimated 3.4% decrease in GDP in 2015 as...

About the Author

The International Monetary Fund advises member nations on policy issues and works to promote economic stability and well-being.


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