Russia’s economic turmoil - new policy briefing
Is Russian economy into a sudden stop or
is it just a slippery oil slope to
stagnation? New article on Russia’s economy by Torbjörn Becker.
Can the Russian economy withstand the combined effect of falling oil prices and massive capital outflows while preserving some growth or is the economy heading for a sudden stop scenario with falling GDP? These and other questions have been investigated in the latest BSR Policy Briefing written by SITE director Torbjörn Becker.
The policy briefing analyses key factors behind the sharp depreciation and volatility of the rouble and associated economic challenges in the Russia's economy. Various topics including recent forecasts of Russian growth, implications for income levels, imports, growth and capital flows and the price of oil and its impact on Russia's GPD are investigated throughout the article.
The question is then how Russia can avoid a full blown
sudden stop scenario with accelerating
capital outflows, shrinking imports and a collapse
in growth. What policies can be implement
to generate growth in the economy in 2015?
The policy briefing also provides insights about the reforms needed in Russia's economy to rebuild international financial confidence and trade ties. Read more about conclusions and solutions proposed in the policy briefing "A Russian Sudden Stop or Just a Slippery Oil Slope to Stagnation?" here or read it on our SlideShare channel.