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Is Russia ready for an economic adjustment and transformation?

When
Monday
Where
CEPS Conference room
Place du Congrès 1 - 1000 Brussels

Participation in this event is exceptionally free of charge.

CEPS Event

Is Russia ready for an economic adjustment and transformation?

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CEPS in collaboration with the World Bank.

World Bank Lead Economist and Program Leader Birgit Hansl will present the main findings of the Russia Economic Report (RER). This semi-annual World Bank publication synthesizes recent trends on key economic indicators, provides the World Bank economic outlook for Russia for the coming year, and analyzes strategic policy issues.

Low oil and gas prices, geopolitical tensions and ongoing international sanctions deepened Russia's recession in the first half of 2015. A significant increase in the poverty rate, decreased consumer demand and sharp contraction in real wages have had a severe impact on households. However, the policy response by the authorities helped to stabilize the economy.

Russia’s future growth prospects depend on the evolution of external factors but also on the capacity to reassess priorities and follow through with difficult policy choices.

The report also features an in-depth discussion of the macro-fiscal impact of Russia’s dual transformation; a long-term simultaneous demographic and economic transformation driven by a rapidly aging and shrinking population and by the diminishing relative importance of the natural resource sector.

Registration and coffee from 14.30. Participation in this event is exceptionally free of charge.

Host
Steven Blockmans Steven Blockmans
Steven Blockmans

Director of Research

Speakers list
Birgit Hansl

Lead Economist for the Russian Federation, Europe and Central Asia, The World Bank