World Bank Lead Economist for the Russian Federation, Apurva Sanghi, will present the main findings of the latest Russia Economic Report (RER). The Russian economy has returned to modest growth – amidst positive global growth, a recovery in trade, rising oil prices, and growing macroeconomic stability. These shoots have allowed consumer demand and consumption to rise, as the business environment improved, and underpin projections that Russia’s economy will grow 1.7% in both 2017 and 2018, and 1.8% in 2019. That being said, improvement in headline indicators masks underlying disparities and remaining vulnerabilities.
In addition, Mr. Sanghi will outline the key findings of a separate World Bank report analysing the impact of a rebalancing China and resurgent India on the Russian Economy.