The Russian economy is in recession, but growth is projected to resume in 2017 after another contraction in 2016. The economy continues to adjust to low oil prices and the sanctions environment. Lower public revenues, fiscal consolidation, and inflationary pressures remain key policy challenges for the medium term, as well as the need for structural reforms.
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October 12, 2016 — Global growth remained disappointing in the second quarter of 2016. Oil prices strengthened following OPEC’s announcement of likely production cuts. The ruble gained by 2.4%...
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