Russian Economic Report, No. 29, Spring 2013 : Recovery and Beyond

dc.creatorWorld Bank
dc.date2014-01-10T22:11:32Z
dc.date2014-01-10T22:11:32Z
dc.date2013-02
dc.date.accessioned2026-07-01T00:53:17Z
dc.descriptionRussia's economy grew 3.4 percent in 2012, down from 4.3 percent in 2011. The economy of Russia slowed in the second half of the year due to weak net exports, negative base effects, and destocking at the end of the year. More than four years after the global financial crisis hit, the world economy remains sluggish. Industrial production lost momentum throughout last year, exports expanded only at a moderate pace, and imports even declined for three month during autumn 2012. Growth declined mainly due to weaker performance of investment. Inventories were flat as the restocking cycle after the crisis came to an end, and fixed investment expanded only moderately as business remained cautious about future prospects. The weaker performance of the tradable sectors reflects sluggish global demand and the poor agricultural harvest but also low competitiveness in parts of the industry, as growth declined for all three subsectors. The capital account strengthened in 2012 as net capital outflows decreased. According to preliminary estimates, the capital account deficit amounted to US$40.9 billion or 2 percent of Gross Domestic Product (GDP) in 2012, compared to US$76.2 billion or 4 percent of GDP in 2011. The labor market remains tight. The unemployment rate declined across the country, and vacancy and replacement rates increased. The number of poor people in Russia reached a record low. In the first nine months of 2012, some 17.2 million of people were below the poverty line, three million less than a year ago and the lowest number in the last two decades. The weak external environment, high inflation, flat oil prices and sluggish domestic demand are set to postpone a pickup in growth towards the second half of 2013. Nevertheless, modest growth and lower inflation are projected to reduce poverty further.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2013/01/17389712/russian-economic-report-recovery-beyond
dc.identifierhttps://hdl.handle.net/10986/16565
dc.identifierhttps://doi.org/10.1596/16565
dc.identifier.urihttp://hdl.handle.net/123456789/412489
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.relationRussian economic report; no. 29
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectADMINISTRATIVE BURDEN
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectADVANCED ECONOMIES
dc.subjectANNUAL GROWTH
dc.subjectARREARS
dc.subjectAUCTION
dc.subjectAVERAGE OIL PRICE
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK DEPOSITS
dc.subjectBANK LENDING
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBASIS POINTS
dc.subjectBORROWING CAPACITY
dc.subjectBRIBE
dc.subjectBRIBES
dc.subjectBUFFERS
dc.subjectBUSINESS CONFIDENCE
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL OUTFLOWS
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCOMPOSITION OF GOVERNMENT DEBT
dc.subjectCONSOLIDATION
dc.subjectCONSUMER LENDING
dc.subjectCONSUMPTION GROWTH
dc.subjectCORE INFLATION
dc.subjectCORRUPTION
dc.subjectCPI
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAP
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCREDIT QUALITY
dc.subjectCURRENCY
dc.subjectCURRENCY SWAP
dc.subjectCURRENCY SWAPS
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEBT REPAYMENTS
dc.subjectDEFICITS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEMOGRAPHIC TRANSITION
dc.subjectDEMOGRAPHICS
dc.subjectDEPOSIT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISPOSABLE INCOME
dc.subjectDIVERSIFICATION
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC SLOWDOWN
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectENTREPRENEURS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE FLEXIBILITY
dc.subjectEXCHANGE RATE POLICIES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT VOLUMES
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL DEMAND
dc.subjectFEDERAL BUDGET
dc.subjectFEDERAL BUDGET DEFICIT
dc.subjectFINANCES
dc.subjectFINANCIAL ACCOUNT
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SERVICES
dc.subjectFISCAL BALANCE
dc.subjectFISCAL BALANCES
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFIXED CAPITAL
dc.subjectFIXED CAPITAL INVESTMENT
dc.subjectFIXED INVESTMENT
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN RESERVES
dc.subjectFORESTRY
dc.subjectFREEDOM OF INFORMATION
dc.subjectGENDER
dc.subjectGLOBAL BUSINESS
dc.subjectGLOBAL DEMAND
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKET
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROUP LENDING
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH INFLATION
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHIGH-INCOME COUNTRIES
dc.subjectHOLDING
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLDS
dc.subjectIMPORT
dc.subjectIMPORT GROWTH
dc.subjectIMPORTS
dc.subjectINCOME GROWTH
dc.subjectINCOME LEVELS
dc.subjectINFLATION
dc.subjectINFLATION EXPECTATIONS
dc.subjectINFLATION TARGETING
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BORROWINGS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORIES
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT INCOME
dc.subjectINVESTMENT SPENDING
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DEVELOPMENTS
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET RISK
dc.subjectMONETARY POLICY
dc.subjectMONEY MARKET
dc.subjectMONEY MARKET RATES
dc.subjectMONEY SUPPLY
dc.subjectMORTGAGE
dc.subjectMORTGAGE DEBT
dc.subjectMORTGAGE LENDING
dc.subjectNATIONAL SECURITY
dc.subjectNATURAL RESOURCES
dc.subjectNON-PERFORMING LOANS
dc.subjectNONPERFORMING LOANS
dc.subjectOIL
dc.subjectOIL MARKET
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOIL REVENUES
dc.subjectOPEC
dc.subjectOUTPUT GAP
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSIONS
dc.subjectPOLICY MAKERS
dc.subjectPOPULATION GROWTH
dc.subjectPORTFOLIO
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE INCREASES
dc.subjectPRICE STABILITY
dc.subjectPRICE VOLATILITY
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SAVINGS
dc.subjectPRIVATIZATION
dc.subjectPRODUCERS
dc.subjectPRODUCTION CAPACITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC BORROWING
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC PARTICIPATION
dc.subjectPUBLIC SPENDING
dc.subjectREAL ESTATE
dc.subjectREAL WAGE GROWTH
dc.subjectREAL WAGES
dc.subjectRECEIPTS
dc.subjectRECESSION
dc.subjectRED TAPE
dc.subjectREGULATORY BARRIER
dc.subjectREPO
dc.subjectREPO RATE
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRESERVE FUNDS
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK PERCEPTION
dc.subjectSALES REVENUES
dc.subjectSAVINGS
dc.subjectSHARE OF CREDITS
dc.subjectSLOWDOWN
dc.subjectSOVEREIGN BONDS
dc.subjectSOVEREIGN DEBT
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET INDEX
dc.subjectSTOCKS
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUSTAINABLE GROWTH
dc.subjectSWAP
dc.subjectSWAPS
dc.subjectTARGET RANGE
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX RATES
dc.subjectTOTAL DEBT
dc.subjectTRADE BALANCE
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectUNION
dc.subjectWAGES
dc.subjectWORLD ECONOMY
dc.titleRussian Economic Report, No. 29, Spring 2013 : Recovery and Beyond

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