How Russia's economy would fare in 2018, what would be the impact of the March presidential elections?
Russia’s economy emerged from recession to recovery in 2017. Deepening macroeconomic stability, firming energy prices, and a recovering global economy contributed to the return to growth. However, a renewal of solid growth will need private investment and a lift in consumer sentiment. Structural reforms designed to bolster investor confidence could greatly enhance long-term growth prospects.
The main objective of the project is to assist the Russian Federal Service on Hydrometeorology and Environmental Monitoring to further enhance the national capacity to deliver reliable and timely weather, hydrological and climate information.
The medium-term growth forecast for Russia has been slightly increased following higher exports and a somewhat stronger-than-expected recovery of domestic demand. Compared to the forecast from spring 2017, growth estimates have been upgraded to 1.7 percent, 1.7 percent and 1.8 percent in 2017, 2018, and 2019, respectively. Read more...