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The Russian economy inches forward: Will that suffice to turn the tide?

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Event Agenda

The World Bank’s Lead Economist for the Russian Federation, Apurva Sanghi, will present the main findings of the Russia Economic Report (RER). This biannual World Bank report synthesises recent trends in key economic indicators, presents the World Bank’s economic outlook for Russia for 2016-18, and analyses strategic policy issues.

Amidst external headwinds, the recession continues in Russia, although the pace of GDP decline has slowed down. Russia continued its adjustment to lower oil prices and the environment of economic sanctions imposed in July 2014. Over the last two years, the government’s policy response package of a flexible exchange rate policy, expenditure cuts in real terms and bank recapitalisation – along with tapping the Reserve Fund — has helped facilitate this adjustment. In 2016, the economy is projected to contract by 0.6%, and grow by 1.5% in 2017 and 1.7% in 2018, as hydrocarbon prices are predicted to continue their recovery and positively affect domestic demand.

Yet Russia still faces serious challenges as there has been a significant 8%increase in the share of the vulnerable population with per capita incomes below $10/day, undoing the country’s recent gains in sharing prosperity more broadly among its citizens.

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Registration and sandwich lunch from 12.30 – Meeting from 13.15 to 14.30
Participation in this event is exceptionally free of charge.
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Discussants &
Speakers

Below is our list of speakers and discussants.

Host
Hrant Kostanyan

Hrant Kostanyan

Speakers list
Apurva Sanghi

Lead Economist for the Russian Federation and the main author of the report, World Bank

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Event Details


The Russian economy inches forward: Will that suffice to turn the tide?

Event Address

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

Day 1 - Monday
Organiser
Anne-Marie Boudou Anne-Marie Boudou
Anne-Marie Boudou
+32 (0)2 229 39 12
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Participation in this event is exceptionally free of charge. A sandwich lunch will be served from 12.30 onwards.

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