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Prospects for the Russian economy to end-2017

Content type:: Expert Briefings
Location:: PROSPECTS H2 2017
Keywords associated with this article:: Geographic: Russia RUCIS CIS EU OPEC United States PROSPECTS H2 2017

Topical: economy industry politics capital flows debt fiscal growth monetary oil policy prices sanctions election
ISSN:: 2633-304X
Citation:: Oxford Analytica (2017), "Prospects for the Russian economy to end-2017", Expert Briefings.
https://doi.org/10.1108/OXAN-DB221513

Friday, June 16, 2017

Subject

Prospects for the Russian economy to end-2017.

Significance

Russia's return to growth began in the final quarter of 2016. Driven by higher global oil prices, the recovery has continued at the same modest pace into the first half of 2017 and looks set to persist for the rest of the year. As oil prices are higher than estimated at the beginning of the year, official growth forecasts for 2017 from the Central Bank of Russia (CBR) and external organisations such as the IMF and World Bank have been revised upwards.

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