IMF Staff Country Reports

Russian Federation: Staff Report for the 2014 Article IV Consultation

Publication Date:

July 1, 2014

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2014 Article IV Consultation highlights that the Russian Federation’s growth slowdown that began in 2011, reflecting structural constraints, continued in 2013 despite accommodative policies. Real GDP growth slowed to 1.3 percent owing to a contraction in investment while consumption remained robust owing to strong real wage growth and an unsecured consumer credit boom. The general government balance moved from a modest surplus in 2012 to a deficit of slightly more than 1 percent of GDP in 2013. The IMF staff projects real GDP growth at 0.2 percent in 2014 with considerable downside risks.

Series:

Country Report No. 2014/175

Subject:

Banking Correspondent banking External debt Financial Sector Assessment Program Financial sector policy and analysis Financial services Fiscal policy Fiscal stance Oil prices Prices

Notes:

Full text also available in Russian