Template-Type: ReDIF-Paper 1.0
Author-Name:Drobyshevsky Sergey
Author-Name-First: Sergey 
Author-Name-Last:Drobyshevsky 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Kazakova Maria
Author-Name-First: Maria 
Author-Name-Last:Kazakova 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: Decomposition of Russia’s GDP growth rates in 2016–2019
Abstract: In his Annual Presidential Address to the Federal Assembly on 30 November 2016, Russian President Vladimir Putin underscored Russia’s goal to catch up with the world average growth rates by 2019–2020. As a reminder, the IMF projects 3.7% for the average annual growth rate of the global economy in the coming three years. Earlier in November, Russia’s Ministry of Economic Development (MED) updated its forecast for Russia’s socio-economic development for 2017–2019[1] whereby a 0.6% decline is projected for Russia’s GDP in 2016, while its baseline scenarios (see below) predict that economic growth rates will be barely higher than 2% by 2020 amid low crude oil prices and a lack of structural reforms.
Classification-JEL: F10, F14, F15, F40
Keywords:  Russian economy, GDP
Creation-Date: 2017
Revision-Date:2017
Length: 6 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2017-275.pdf
File-Format: application/pdf
File-Function: Revised version, 2017
Handle: RePEc:gai:ppaper:ppaper-2017-275