Cheaper Oil And Sanctions Weigh On Russia’s Growth Outlook

Author (Corporate)
Series Title
Series Details 03.08.15
Publication Date 03/08/2015
ISSN 0047-083X
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The International Monetary Fund published a survey in August 2015 regarding Russia's economic growth outlook.

According to this economic health check, Russia's economy was expected to contract by 3.4% in 2015, although growth should return in 2016. Medium-term growth prospects were modest due to slow progress in implementing structural reforms.

The IMF also suggested that sanctions linked to the Ukraine crisis could end up costing Russia 9% of its gross domestic product.

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Related Link(s)
ESO: Background information: The Russian economy. Will Russia ever catch up?
EurActiv, 04.08.15: IMF says Western sanctions could cut 9% off Russia's GDP
The Telegraph, 03.08.15: Western sanctions are hitting Russia harder than anyone realised
The Wall Street Journal, 03.08.15: IMF Says Sanctions Take Toll On Russia
Sputnik International, 03.08.15: Russia Successful in Stabilizing Banking Sector – IMF

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