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Russia was the last major economy to join the World Trade Organization (WTO), becoming a member in 2012. Russia's vast geography is an important determinant of its economic activity, with the country holding a large share of the world's natural resources.
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Apr 16, 2024 · An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year. The International Monetary Fund (IMF)...
Jun 25, 2024 · Learn about the size, structure, and performance of the Russian economy, as well as the impact of the war in Ukraine and sanctions on its sectors and trade. Find the latest data and trends on GDP, wealth, inequality, energy, and more.
- Economic Developments
- Economic Outlook
- Special Focus on Russia’s Green Transition: Pathways, Risks and Robust Policies
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Global activity is now moderating after a strong recovery from the pandemic-induced recession. Following a sharp rebound in the second half of 2020, the pace of global growth eased in the first half of 2021, held back by renewed COVID-19 outbreaks. Growth in trade has lost momentum amid easing of global economic activity and persistent supply bottl...
As the world moves into the third year of the COVID-19 pandemic, global growth is expected to moderate next year to 4.3 percent. Inflation is expected to ease gradually over 2022, but inflation rates are likely to remain above the target level for most of the year. Growth in Russia is forecast at 2.4 percent in 2022, on the back of a continually st...
While a much remains uncertain about the global green transition, the pace of change is likely to gain momentum as more countries announce plans to become carbon neutral. So far, more than 60 countries, representing over 80 percent of the world economy, have expressed aspirations to reach carbon neutrality in the coming decades. There are signs of ...
The World Bank's report analyzes Russia's economic performance, prospects and policies in 2021 and beyond. It also explores the opportunities and risks of Russia's low-carbon development strategy and carbon pricing options.
Instead of folding under the weight of Western sanctions, the Russian economy has been developing new markets in the East and the Global South. All of which allows Russian officials to boast that...
Feb 11, 2024 · So does Putin have a point? Have sanctions failed? And are there lessons for us in Russia’s economic management? The answers are no, no, and quite possibly.
Jan 30, 2024 · Russia’s economy will expand much more rapidly this year than previously expected, according to the IMF, as President Vladimir Putin’s military spending feeds through into wider growth.
