Russia’s government accepts weaker growth is here to stay

The sharp downgrade to the long-run growth forecasts released by Russia’s Economy Ministry earlier today is the clearest signal yet that Moscow believes that economic weakness over the past year has been structural rather than cyclical in nature. One consequence is that policy stimulus is unlikely to revive growth. Instead, the key to restoring Russia’s economic vigour lies in structural reforms.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.