Prospects for the Russian economy in 2022

2021 ◽  
Keyword(s):  
Economic Development ◽  
Gdp Growth ◽  
Structural Reforms ◽  
Foreseeable Future ◽  
Content Type ◽  
Russian Economy ◽  
Global Demand

Subject Prospects for the Russian economy in 2022. Significance Russia's Ministry of Economic development is forecasting GDP growth of 3.0% in 2022 after an estimated 4.2% this year. The strength of the economic rebound is mostly attributable to the low base of 2020 and a recovery in global demand for commodities, which boosted the profits of large Russian exporters and supported government revenues. In the absence of substantial structural reforms, growth will decelerate in 2022 and remain in the 2-3% range for the foreseeable future.

Russian arms procurement faces fiscal constraints

2019 ◽  
Keyword(s):  
Economic Development ◽  
Government Spending ◽  
Economic Activity ◽  
Oil Prices ◽  
Gdp Growth ◽  
Content Type ◽  
Fiscal Constraints ◽  
Defence Spending ◽  
Social And Economic Development ◽  
Russian Military

Subject Russian defence spending and procurement. Significance The recent shift in government spending towards social and economic development is being achieved without upsetting strict budgetary discipline, but defence and security expenditure is declining as a share of GDP. Limited procurement plans make life more challenging for the defence industry than for nearly a decade. Impacts Defence firms will find it hard to export weapon types that the Russian military does not want. The GDP growth boost of 2018 is likely to give way to growth of around 1.0-1.5% in 2019, as tax rises dampen economic activity. Higher-than-projected oil prices might allow some surplus budgetary funds to be used to top up planned defence spending commitments.

Slower Chile growth will bring electoral challenges

2019 ◽  
Keyword(s):  
Economic Performance ◽  
Living Standards ◽  
Gdp Growth ◽  
Foreseeable Future ◽  
Content Type ◽  
Lower Middle Class ◽  
External Conditions ◽  
World Economic ◽  
The Caribbean ◽  
Economic Outlook

Subject Chile's economic outlook. Significance On July 23, in an update of its World Economic Outlook, the IMF slashed its forecast for economic growth this year in Latin America and the Caribbean from 1.4% to 0.6%, due principally to a sharp cut for Brazil. By contrast, the reduction for Chile, from 3.4% to 3.2%, was small but may err on the side of optimism. Impacts Dependence on copper remains a key challenge for Chile as regards both GDP growth and fiscal revenues. Slower growth particularly worries the new lower-middle class, eager for further gains in living standards. In the foreseeable future, Chile’s economic performance will likely be constrained by external conditions.

Prospects for the Russian economy to end-2019

2019 ◽  
Keyword(s):  
Fiscal Policy ◽  
Government Spending ◽  
Policy Framework ◽  
Gdp Growth ◽  
Content Type ◽  
Low Level ◽  
Russian Economy ◽  
Macroeconomic Stability

Subject Prospects for the Russian economy to end-2019. Significance GDP growth slowed in the first quarter of 2019. Despite sluggish growth, macroeconomic stability persists. Government spending is restrained by a prudent fiscal policy framework, the state's borrowing requirements are minimal and inflation remains at an historically low level.

EU Apple ruling will not solve tax policy problems

2016 ◽  
Keyword(s):  
Tax Policy ◽  
State Aid ◽  
Gdp Growth ◽  
Foreseeable Future ◽  
Content Type ◽  
Policy Problems ◽  
The Eu ◽  
Special Arrangement ◽  
International Companies

Significance The Commission judged that Irish authorities had forgone this sum as part of a special arrangement with the global technology company, thereby granting it illegal state aid. This case illustrates the confusing state of tax affairs in the EU, particularly regarding mobile international companies. Impacts The Commission is unlikely to go much further than the laudable but limited initiatives on CCCTB, CbCR and BEPS in the foreseeable future. The uncertainty resulting from Ireland's appeal against the Commission's decision could make the country less attractive to investors. Given Ireland's extraordinary bounceback in GDP growth in 2015, there is some latitude for greater tax convergence with the EU15.

Belarus faces oil price and COVID-19 shocks

2020 ◽  
Keyword(s):  
Petroleum Product ◽  
Oil Prices ◽  
Oil Price ◽  
Structural Reforms ◽  
Content Type ◽  
Global Demand ◽  
The Government

Significance Reduced global demand due to COVID-19 and the collapse of OPEC+ output caps have driven prices under 40 dollars per barrel. That does not benefit Belarus, as its petroleum product exports have also fallen in value. After months of arguments about oil prices, President Alexander Lukashenka says he has secured a pledge of financial relief from Russia, but Moscow has yet to confirm. Impacts Lukashenka's re-election would normally be routine, but this year it takes place in unfavourable external circumstances. If protests start to grow, the government can always impose restrictions attributed to COVID-19. US-EU attempts at closer engagement will be thwarted by Belarus's ultimate reliance on Russia. Belarus will replace Russian with Chinese loans but neither is a substitute for structural reforms.

Immigration benefits may be squandered in Chile

2019 ◽  
Keyword(s):  
Labour Productivity ◽  
Social Impacts ◽  
Gdp Growth ◽  
Foreseeable Future ◽  
Highly Qualified ◽  
Content Type ◽  
Potential Source ◽  
Economic Contribution ◽  
Economic And Social Impacts ◽  
Do So

Subject Economic and social impacts of immigration. Significance As forecasts for Chile’s GDP growth this year have slipped from close to 4% to at best 3% and immigration from Venezuela has surged, attention has turned to migrants’ economic contribution and whether Chile is taking maximum advantage of this new potential source of growth. Impacts Migration from Venezuela is unlikely to slow in the foreseeable future but it may do so from Haiti. If highly qualified immigrants are confined to low-paid jobs, labour productivity will suffer. Fear of competition for jobs from immigrants will be boosted by other trends such as automation.

Decomposition of Russian GDP growth rates in 2007—2017 and forecast for 2018—2020

2018 ◽  
pp. 5-31 ◽  
Author(s):  
S. M. Drobyshevsky ◽  
G. I. Idrisov ◽  
A. S. Kaukin ◽  
P. N. Pavlov ◽  
S. G. Sinelnikov‑Murylev
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Gdp Growth ◽  
Structural Reforms ◽  
Structural Unemployment ◽  
Russian Economy ◽  
The Business Cycle ◽  
Random Shocks ◽  
Economic Growth Rates ◽  
Further Development

The paper provides further development of the methodology of GDP growth rates decomposition, adapted for the case of Russia. It proposes the calculation of indicators of structural unemployment NAWRU and total factor productivity for the Russian economy. The paper offers estimates of structural, foreign trade and market components of GDP growth rates for various macroeconomic scenarios for 2018—2020. The sum of the components of the business cycle and random shocks is expected to be the main source of Russian GDP growth in 2018—2020, which together with the renewal of investment in 2017 may indicate the beginning of a new cycle of economic growth in Russia. Within the framework of the considered macroeconomic scenarios an expected contribution of the terms of trade component will be of an order of –1 p. p. of the yearly GDP growth rates in 2018—2020. In all major macroeconomic scenarios the structural component of GDP growth rates is expected to continue to decelerate in 2018—2020. The results suggest that the delay of structural reforms is inadvisable in order to create the prerequisites to achieve economic growth rates equal to or more than the world average.

scholarly journals The Character and Effects of Sanctions Imposed on Russia in Consequence of Aggression Against Ukraine

2018 ◽  
Vol 24 (2) ◽  
pp. 21-43 ◽  
Author(s):  
Helena Żukowska
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Life Quality ◽  
Gdp Growth ◽  
Foreign Exchange Reserves ◽  
Russian Economy ◽  
Gdp Growth Rate ◽  
Foreign Countries ◽  
Global Demand

The economic sanctions imposed on Russia have adversely affected the development of the Russian economy. Russia’s GDP has decreased, GDP growth rate has slowed down, global demand has declined, prices and interest rates have risen. Inflation has increased, the rouble has become devalued, the amount of foreign exchange reserves has gone down, and life quality of Russian citizens has deteriorated. The sanctions of the Western states against Russia as well as the sanctions reciprocally applied by Russia against the broadly understood foreign countries have negatively influenced the economies of many Western states which have also been affected by worse conditions of economic growth after 2014.

Factors of economic development and structural reforms in Russia

2013 ◽  
pp. 56-72
Author(s):  
V. Zuev
Keyword(s):  
Economic Development ◽  
Financial Stability ◽  
Global Economy ◽  
Institutional Environment ◽  
International Investment ◽  
Global Market ◽  
Structural Reforms ◽  
Business Climate ◽  
Russian Economy ◽  
Development Institutions

The article describes issues of structural reforms implementation in Russia directed at forming favorable institutional environment and business climate, as well as macroeconomic financial stability. The author analyzes the derivatives market, compared with the world’s GDP and considers regularities for the global market of mergers and acquisitions as modern crisis indicators in the global economy. The state of the Russian economy, the balance of payments of RF, international investment position and other macroeconomic parameters are analyzed, as well as the influence of cross-border capital flows and the demographic factor on sustainable development of the Russian economy. A model of the system of managing sustainable socio-economic development together with participation of development institutions is presented.

Prospects for ASEAN economies in 2018

2017 ◽  
Keyword(s):  
East Asian ◽  
Gdp Growth ◽  
International Organisations ◽  
Content Type ◽  
Goods And Services ◽  
Global Demand ◽  
Asian Economies ◽  
East Asian Economies

Subject Prospects for South-east Asian economies in 2018. Significance Stronger global demand for ASEAN’s goods and services exports and higher prices for commodity exports are fuelling faster South-east Asian GDP growth across the region; the international organisations expect growth to accelerate to at least 5.2% in 2018, picking up from close to 5.0% in 2017 and nearer 4.5% in 2014-16.

Sign in / Sign up

Export Citation Format

Share Document