Russian Federation

Low oil and gas prices, geopolitical tensions and ongoing international sanctions deepen recession in Russia. Growth outlook for Russia in 2015-2016 is negative, with the economy expected to contract by 3.8% in 2015.

• Primary Source

World Bank: Russian Federation: Russia Economic Report http://www.worldbank.org/en/country/russia/publication/rer

World Bank: Labor Market in Russia: Monitoring Report, July 2009 http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:22385858~menuPK:34482~pagePK:2524753~piPK:51421526~theSitePK:4607,00.html

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