A combination of a massive fiscal stimulus and a boost from the inventory cycle should ensure that the Russian economy grows at annual rates in excess of 6% during the first half of this year. But the prospect of a renewed fall in oil prices later this year means that the current pace of recovery is unlikely to last. We expect GDP growth to slow from around 4% in 2010 as a whole to just 1.5% in 2011.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services