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World Bank Lead Economist for the Russian Federation, Apurva Sanghi, will present the main findings of the Russia Economic Report (RER). This 37th issue of the RER provides an assessment of the economic developments and outlook for the period 2017-2019, including a look back at how Russia’s regions fared during the crisis years of 2014-16. After almost two years of recession, Russia has entered a path to recovery. With global growth and trade starting to strengthen at the end of 2016, Russia’s economy showed signs of overcoming the recession caused by the shocks of low oil prices and economic sanctions. Tradable sectors benefitted from the relative price adjustment and stabilizing commodity prices in the second half of 2016, and became the main drivers of economic growth, partly through increased exports. A moderate recovery of the global economy is expected for 2017, on the back of continued solid growth by commodity importers and a pickup in commodity exporters during the year. This means Russia is heading toward a moderate growth rate over the 2017-to-2019 period (between 1.3% and 1.4%), supported by rising oil prices and macroeconomic stability. However, challenges persist with economic growth sensitive to fluctuations in oil prices and longer-term growth prospects constrained by low productivity. Registration and sandwich lunch from 12.30 – Meeting from 13.15 to 14.30. Participation in this event is exceptionally free of charge. |
