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

World Bank Group

World Bank, Moscow

关键词: ECONOMIC GROWTH;    ECONOMIC OUTLOOK;    BALANCE OF PAYMENTS;    LABOR MARKET;    POVERTY;   

RP-ID  :  144672

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

After a weak performance in the firsthalf of 2019, helped by monetary easing, faster publicspending and some one-off effects, economic growth in Russiapicked up in the third quarter at 1.7 percent, y/y.Consequently, our 2019 forecast has been revised upwards to1.2 percent (from its previous reading of 1 percent).Globally, growth has weakened substantially in 2019,reflecting a broad-based slowdown in industrial activity andglobal trade. Slowing external demand and the OPECagreement 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.