Russia's Monthly Economic Developments
April 10, 2015
- Russia’s recession deepened in February - indicators show a broad-based decline in economic activity and increased credit risk.
- Crude oil prices averaged in March US$52.8 per barrel−a drop of 3.5 percent compared to February.
- The Ruble appreciated by 6.9 percent against the US dollar, reflecting improved external balances and subsiding geopolitical tension.
- Inflation increased to 16.9 percent in March−a 13-year high, yet the Central Bank of Russia cut its key rates to support growth.
- Poverty increased during the fourth quarter of 2014; the unemployment rate reached 5.8 percent in February−the highest level in the past two years, and real wages contracted.
- Development Partners Support the Creation of Global Financing Facility to Advance Women’s and Children’s Health
- 73 Countries and Over 1,000 Businesses Speak Out in Support of a Price on Carbon
- World Bank Group to Nearly Double Funding in Ebola Crisis to $400 Million
- International Food Prices Hit Four-Year Low
- Speech by World Bank Group President Jim Yong Kim at Howard University: “Boosting Shared Prosperity”