Russia's economy is stagnating. Seasonally adjusted growth for the first two quarters of 2014 was near zero. Consumer and business sentiments were already weak in 2013 due to lingering structural problems and contributed to the wait-and-see attitudes of households and companies. Heightened market volatility and policy uncertainty due to geopolitical tensions during the first half of this year exacerbated this confidence crisis. The Russian economy...
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DETAILS
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2014/09/01
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Working Paper (Numbered Series)
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91239
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1
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1
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2014/10/08
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Disclosed
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Russia economic report : policy uncertainty clouds medium-term prospects
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geopolitical tension
Citation
Russia economic report : policy uncertainty clouds medium-term prospects (English). Russia economic report|no. 32 Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/169891468306528030