Russian Federation: Staff Report for the 2014 Article IV Consultation

July 1, 2014

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Russian Federation: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Also available in: русский

Summary

This 2014 Article IV Consultation highlights that the Russian Federation’s growth slowdown that began in 2011, reflecting structural constraints, continued in 2013 despite accommodative policies. Real GDP growth slowed to 1.3 percent owing to a contraction in investment while consumption remained robust owing to strong real wage growth and an unsecured consumer credit boom. The general government balance moved from a modest surplus in 2012 to a deficit of slightly more than 1 percent of GDP in 2013. The IMF staff projects real GDP growth at 0.2 percent in 2014 with considerable downside risks.

Subject: Banking, Correspondent banking, External debt, Financial Sector Assessment Program, Financial sector policy and analysis, Financial services, Fiscal policy, Fiscal stance, Oil prices, Prices

Keywords: Banking system, Correspondent banking, CR, Economy, Europe, Exchange rate, Exchange rate corridor, Financial Sector Assessment Program, Fiscal stance, Global, Growth model, Growth prospect, Growth slowdown, Inflation targeting, ISCR, Oil prices, Price distortion, Russia, Slowdown

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/175
Stock No:

1RUSEA2014002
ISBN:

9781498309929
ISSN:

1934-7685

Notes

Full text also available in Russian

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