Russia Economic Report, No. 42, December 2019 : Weaker Global Outlook Sharpens Focus on Domestic Reforms

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作者：

World Bank Group

来源地址：

http://hdl.handle.net/10986/33121

关键词：

ECONOMIC GROWTH;  ECONOMIC OUTLOOK;  BALANCE OF PAYMENTS;  LABOR MARKET;  POVERTY;  MONETARY POLICY;  FISCAL POLICY;  FISCAL TRENDS;  WEALTH ACCOUNTING;  TRADE;  Report;  Rapport;  Informe; 

年份：

2019

出版地：

Washington,USA

语种：

English

摘要：

After a weak performance in the first half of 2019, helped by monetary easing, faster public spending and some one-off effects, economic growth in Russia picked up in the third quarter at 1.7 percent, y/y. Consequently, our 2019 forecast has been revised upwards to 1.2 percent (from its previous reading of 1 percent). Globally, growth has weakened substantially in 2019, reflecting a broad-based slowdown in industrial activity and global trade. Slowing external demand and the OPEC agreement weighed on Russia's exports performance. Crude oil prices fell 14 percent in January-September 2019, y/y, reflecting a downturn in the world economy.