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0000011243 00000 n 0000115495 00000 n 0000129503 00000 n 0000117526 00000 n 0000010255 00000 n 0000029801 00000 n 0000072674 00000 n 0000129108 00000 n 0000131006 00000 n 0000120482 00000 n 0000011891 00000 n 0000116848 00000 n While they fared well as a whole, significant disparities and variations remain in the fiscal health of the regions.

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The World Bank Group works in every major area of development. /Size 5142 Russia gross domestic product growth -- already sluggish relative to historical norms -- is heading for a mild slowdown in 2019. 0000129691 00000 n 0000139011 00000 n Activity contracted across major economies in Q1 2020, including in China, the Euro Area, the United >> 0000135236 00000 n 0000149553 00000 n 0000129597 00000 n 0000128525 00000 n

0000074650 00000 n 0000014687 00000 n 0000130199 00000 n Sharp recession grips the world T he COVID-19 pandemic has triggered a deep global economic recession.

Moreover, the adverse effects of the crisis were averted by a strategy of significant expenditure cuts in the regions, which may have deleterious medium-term effects on regional productivity.In that context, Russia’s regions have room to improve their fiscal buffers, by tapping more into the revenue side, raising select taxes and increasing yields of other taxes, for example. 0000078498 00000 n 0000119343 00000 n 0000074827 00000 n

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July 2020 v OVERVIEW A. 0000119800 00000 n The Russian government warns the economy will fall into recession next year as Western sanctions over Ukraine and falling oil prices begin to bite. 0000120576 00000 n 0000132682 00000 n Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org.

Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.

“Macro stability and oil prices are the main factors driving this recovery,” Consumption is expected to drive growth in 2017-2019, with investment playing a supporting role, says the report.

0000119570 00000 n Investment demand is expected to increase in 2017-2019, due to a pick-up in fixed capital investment growth and a restocking of inventories, predominantly in 2017. /L 5022848 Moscow, May 23, 2017 - The Russian Federation is showing encouraging signs of overcoming the recession it entered in 2014.The economy is projected to grow 1.3% in 2017, and then 1.4% in both 2018 and 2019, according to the World Bank’s latest Russia Economic Report (no. 0000125552 00000 n 0000125254 00000 n 0000127057 00000 n 0000078927 00000 n 0000137132 00000 n 0000121991 00000 n Five big economies are at risk of recession. 0000022802 00000 n Russia Economic Report| № 43. 0000118889 00000 n 0000123330 00000 n 0000011139 00000 n 0000010339 00000 n 0000131860 00000 n 0000149879 00000 n 0000012197 00000 n

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0000119115 00000 n 0000129014 00000 n 0000126566 00000 n 0000117753 00000 n The COVID-19 recession, also known as the coronavirus recession, the Great Shutdown, the Great Lockdown, or the coronavirus crash is a major global recession which arose as an economic consequence of the ongoing COVID-19 pandemic.The first major sign of the recession was the 2020 stock market crash on 20 February, and the International Monetary Fund (IMF) reported on 14 April … 0000073103 00000 n 0000118436 00000 n 0000141145 00000 n trailer 0000010109 00000 n

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<< 0000013276 00000 n 0000117299 00000 n The special topic of the report examines how Russia’s regions fared during the crisis years of 2014-16. Additionally, the 2018 FIFA World Cup – which will take place in Russia – could further support public investment.The report emphasizes that the poverty rate is expected to decrease because of decelerated inflation and recoveries in household incomes and consumption: the poverty headcount is projected to decline from 13.5% in 2016 to 13% in 2017, and to continue declining to 12.3% and 11.6% in 2018 and 2019, respectively.