CEPS © 2019

Ten years after EULEX Key principles for future EU flagship initiatives on the rule of law
CEPS Event

Russia: The long journey to recovery

Event is over
CEPS Event

Event Agenda

World Bank Russia Economic Report April 2016:

The Long Journey to Recovery

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 2016-18, and analyzes strategic policy issues.

As a result of the difficult economic adjustment to the twin shocks of a steep oil price decline and start of the sanctions regime in 2014, Russia’s economy went through a deep recession, which peaked in the second quarter of 2015. Following a brief rally early in the year, a further decline in global oil prices in August 2015 derailed an anticipated recovery, and real GDP contracted by a total of 3.7 percent over the year.

The Russian economy is projected to face a long journey to recovery. The conditions that pushed Russia’s economy into recession show slow signs of abating, and the World Bank’s current baseline scenario anticipates another year of negative growth of 1.9 percent in 2016. In 2017 GDP growth is projected to return to a positive, albeit modest, growth rate of 1.1 percent.

The ruble depreciation has created a rare opportunity to enhance the competitiveness of Russia’s non-resource economy and there is renewed attention to Russia’s longstanding policy discussion on export diversification and expansion into nontraditional markets. But Russia still faces serious structural constraints and historical challenges on its export competitiveness which might be difficult to overcome quickly.

CEPS Event

Discussants &
Speakers

Below is our list of speakers and discussants.

Dr. Hrant Kostanyan

Researcher at CEPS' Europe in the World unit, Senior Key Expert at the College of Europe Natolin and an Adjunct Professor at Vesalius College

Speakers list
Birgit Hansl

Lead Economist and Program Leader, World Bank

CEPS Event

Event Details


Russia: The long journey to recovery

Event Address

CEPS Conference room
Place du Congrès 1 - 1000 Brussels
Event Date

Day 1 - Wednesday
Organiser
Anne-Marie Boudou Anne-Marie Boudou
Anne-Marie Boudou
+32 (0)2 229 39 12
CEPS Event

Participation in this event is exceptionally free of charge. A sandwich lunch will be served from 12.30 onwards.

More CEPS Events

Upcoming Events

Register for the next CEPS events.

View All Events