Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Russia’s growth problem. Bruegel Policy Contribution Issue n˚4 | February 2019

Dabrowski, Marek and Collin, Antoine Mathieu (2019) Russia’s growth problem. Bruegel Policy Contribution Issue n˚4 | February 2019. [Policy Paper]

[img] PDF - Published Version
Download (932Kb)


    Between 2014 and 2016, the Russian economy suffered from a currency crisis caused by the collapse of oil prices and the country’s engagement in the conflict with Ukraine. Although the crisis was overcome in the second half of 2016 thanks to prudent fiscal and monetary policies and higher oil prices, economic recovery remains weak and Russia’s medium-term growth prospects look rather disappointing. The weak growth prospects are caused by several factors including: (i) adverse demographic trends – a declining working-age population and ageing of the population; (ii) a poor business and investment climate; (iii) difficulty in diversifying away from the dominant role of the hydrocarbon sector; (iv) Western sanctions on Russia in response to the annexation of Crimea and Russian support for separatists in the eastern Ukraine Donbas region, and Russian countersanctions. To increase potential growth, Russia needs comprehensive economic and institutional reforms that, in turn, will be conditioned by political reforms and by improved economic and political relationships with the United States, the European Union and Russia’s neighbours.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Policy Paper
    Subjects for non-EU documents: Countries > Russia
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 29 Apr 2019 15:45
    Number of Pages: 20
    Last Modified: 29 Apr 2019 15:45

    Actions (login required)

    View Item

    Document Downloads