Template-Type: ReDIF-Paper 1.0 
Author-Name: Volovik Nadezhda 
Author-Name-First: Nadezhda 
Author-Name-Last: Volovik 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: Russian foreign trade in 2022 
Abstract: In late 2021 and early 2022, the global recovery from the pandemic was expected to continue in 2022 and 2023, supported by continued progress in vaccination, favorable macroeconomic policies in major economies, and financial conditions. In December 2021, the OECD projected global GDP growth of 4.5% in 2022 and 3.2% in 2023.3 National accounts data in early 2022 were broadly in line with this forecast, with business activity recovering quickly in most countries following a decline in the number of people infected with the Omicron strain. However, higher food and energy prices, supply constraints associated with the pandemic, and a rapid recovery in demand since mid-2020 have accelerated inflation in most OECD countries, especially in the United States, Latin America, and many Central and Eastern European countries. 
Classification-JEL: F10, F13, F19 
Keywords: Russian economy, foreign trade, terms of trade, regional pattern 
Creation-Date: 2023 
Revision-Date: 2023 
Length: 25 pages 
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2023-1279.pdf 
File-Format: application/pdf 
File-Function: Revised Version, 2023 
Handle: RePEc:gai:ppaper:ppaper-2023-1279