Lower oil prices shouldn’t derail Russia’s recovery

The latest fall in oil prices will reduce Russia’s export revenues, but the budget and current account should remain in surplus and a significant shift in fiscal (or monetary) policy is unlikely. As a result, we are sticking to our non-consensus view that growth will be stronger in 2019 than in 2018.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.