Russian Economic Report, No. 22, June 2010 : A Bumpy Recovery

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/27777

关键词：

ACCOUNTING;  ADVERSE IMPACT;  AGGREGATE DEMAND;  AGRICULTURE;  ALTERNATIVE EMPLOYMENT;  APPROPRIATE TECHNOLOGY;  ARREARS;  BALANCE OF PAYMENTS;  BANK LENDING;  BANKING SECTOR;  BANKING SECTORS;  BASIS POINTS;  BOND;  BOND FINANCING;  BOND ISSUANCE;  BONDS;  BORROWING CAPACITY;  BUDGET DEFICIT;  CAPITAL ACCOUNT;  CAPITAL EXPENDITURES;  CAPITAL FLOWS;  CAPITAL INFLOWS;  CAPITAL INVESTMENT;  CAPITAL MARKETS;  CAPITAL OUTFLOWS;  CAPITALIST ECONOMIES;  CDS;  CENTRAL BANK;  COAL;  COMMODITY PRICE;  COMPETITIVENESS;  CONSOLIDATION;  CORPORATE PROFIT TAX;  CPI;  CREDIT CONSTRAINTS;  CREDIT DEFAULT;  CREDIT DEFAULT SWAP;  CREDIT DEFAULT SWAPS;  CREDIT GROWTH;  CREDIT MARKETS;  CREDITS;  CROWDING OUT;  CURRENT ACCOUNT;  CURRENT ACCOUNT DEFICIT;  CURRENT ACCOUNT SURPLUS;  CURRENT EXPENDITURES;  DEBT;  DEBT CAPITAL;  DEBT CRISIS;  DEBT DEFAULT;  DEBT OBLIGATION;  DEBT OBLIGATIONS;  DEBT OFFERING;  DEBT REPAYMENTS;  DEBT SERVICE;  DEFAULTS;  DEVELOPING COUNTRIES;  DEVELOPING COUNTRY;  DEVELOPMENT POLICY;  DEVELOPMENT STRATEGY;  DEVOLUTION;  DIRECT INVESTMENTS;  DISPOSABLE INCOME;  DISPOSABLE INCOMES;  DIVERSIFICATION;  DIVISION OF LABOR;  DOLLAR DEBT;  ECONOMIC ACTIVITY;  ECONOMIC CRISIS;  ECONOMIC DEVELOPMENT;  ECONOMIC DEVELOPMENTS;  ECONOMIC GROWTH;  ECONOMIC RESOURCES;  ECONOMISTS;  EMERGING ECONOMIES;  EMERGING MARKET;  EMERGING MARKET ECONOMIES;  EMERGING MARKETS;  EMPLOYMENT GROWTH;  EMPLOYMENT SITUATION;  ENFORCEMENT POWERS;  ENTREPRENEURSHIP;  ENVIRONMENTAL;  EQUIPMENT;  EQUITY MARKETS;  EXCHANGE RATE;  EXPENDITURE;  EXPENDITURES;  EXPORTS;  EXTERNAL BORROWING;  EXTERNAL DEBT;  EXTERNAL DEBTS;  EXTERNAL FINANCING;  FAIR VALUE;  FEDERAL BUDGET;  FEDERAL BUDGETS;  FEDERAL INVESTMENT;  FINANCIAL ACCOUNT;  FINANCIAL CRISIS;  FINANCIAL DIFFICULTIES;  FINANCIAL INSTITUTIONS;  FINANCIAL SECTOR;  FINANCIAL SERVICES;  FINANCIAL SUPPORT;  FINANCING NEEDS;  FISCAL DEFICIT;  FISCAL DEFICITS;  FISCAL POLICY;  FIXED CAPITAL;  FIXED CAPITAL INVESTMENT;  FIXED INVESTMENT;  FLEXIBLE EXCHANGE RATE;  FOREIGN CURRENCY;  FOREIGN DEBT;  FORESTRY;  GOVERNMENT BANKS;  GOVERNMENT INTERVENTIONS;  GOVERNMENT POLICIES;  HEALTH SERVICES;  HIGH UNEMPLOYMENT;  HOLDINGS;  HOUSEHOLDS;  HOUSING;  HUMAN CAPITAL;  INCOME GROWTH;  INCOME LEVEL;  INCOME TAX;  INDEBTED COUNTRIES;  INDUSTRIALIZATION;  INFLATION;  INFLATION RATE;  INFLATIONARY PRESSURE;  INFRASTRUCTURE INVESTMENTS;  INTEREST PAYMENTS;  INTERNATIONAL BOND;  INTERNATIONAL BOND ISSUE;  INTERNATIONAL BOND MARKET;  INTERNATIONAL CAPITAL;  INTERNATIONAL CAPITAL MARKETS;  INTERNATIONAL MARKETS;  INVENTORIES;  INVENTORY;  INVESTMENT ACTIVITY;  INVESTMENT CLIMATE;  INVESTMENT FUND;  INVESTMENT INCOME;  INVESTMENT STRATEGY;  JOB OPPORTUNITIES;  LABOR FORCE;  LABOR MARKET;  LABOR MARKETS;  LABOR PRODUCTIVITY;  LAND HOLDINGS;  LEADING INDICATORS;  LIQUID MARKETS;  LIVING STANDARDS;  LOCAL ECONOMY;  LOCAL GOVERNMENT;  M2;  MACROECONOMIC POLICY;  MARKET ACCESS;  MARKET ECONOMIES;  MARKET FAILURES;  METALS;  MIDDLE INCOME COUNTRY;  MIGRANT LABOR;  MIGRATION;  MINES;  MINIMUM WAGE;  MONETARY POLICIES;  MONETARY POLICY;  MONEY SUPPLY;  MULTIPLIERS;  MUNICIPAL FINANCE;  MUNICIPALITIES;  NATIONAL ECONOMY;  NET EXPORTS;  OIL;  OIL PRICE;  OIL PRICES;  OPEC;  PENSION;  PENSION FUND;  PENSIONS;  PERSONAL INCOME;  PRICE VOLATILITY;  PRIVATE CAPITAL;  PRIVATE DEBT;  PRODUCERS;  PRODUCTION CAPACITY;  PRODUCTIVITY GROWTH;  PUBLIC DEBT;  PUBLIC EXPENDITURES;  REAL GDP;  REAL WAGES;  RECESSION;  REGISTRATION LAWS;  REGISTRATION SYSTEM;  RESERVE;  RESERVE FUND;  RESERVE FUNDS;  RESERVES;  RETURN;  RETURNS;  RISK PERCEPTIONS;  SAFETY NETS;  SETTLEMENT;  SMALL BUSINESS;  SOCIAL SAFETY NETS;  SOCIAL SERVICES;  SOVEREIGN DEBT;  SOVEREIGN RISK;  STOCKS;  STRUCTURAL CHANGE;  SUBSIDIARIES;  TAX;  TAX COLLECTIONS;  TAX RATE;  TAX REVENUES;  TELECOMMUNICATIONS;  TIMBER;  TOTAL OUTPUT;  TRADE BALANCE;  TRADING;  TRANSPORT;  TREASURIES;  UNDERLYING PROBLEMS;  UNEMPLOYMENT;  UNEMPLOYMENT RATE;  UNEMPLOYMENT RATES;  URBAN AREAS;  URBANIZATION;  VALUE ADDED;  WITHDRAWAL;  Report;  Rapport;  Informe; 

年份：

2010

出版地：

Washington,USA

语种：

English

摘要：

Amid heightened global uncertainties, Russia is experiencing a bumpy recovery. Domestic demand is rising, but unemployment remains high, and credit and investment remain limited. The budget has benefited from higher oil prices, but fiscal consolidation remains important in the medium term. Crumbling infrastructure, especially in transport, could hamper the economy's competitiveness and longer-term growth prospects. The debt crisis in Western Europe sharpens the downside risks to global recovery and oil prices. But the effects on Russia are likely to be blunted by its stronger fiscal and debt positions and by limited trade and financial links with the affected countries. Russia is likely to grow by 4.5 percent in 2010, followed by 4.8 percent in 2011, as domestic demand expands in line with gradual improvements in the labor and credit markets. Employment is expected to improve gradually, however, enabling some further reductions in poverty.