Abstract:The real growth rate of Russia’s gross domestic product decreased in
2012 -2013, and Russia’s Ministry of Economic Development and main international
organizations reduced the its growth expectation greatly for the period 2013 -2014.
Moreover, although the inflation rate decreased from 7% to 6. 5% , it still exceeds
the target range set by the central bank. Furthermore, Russian ruble-dollar exchange
rate has entered a descending ... 展开
Abstract:The real growth rate of Russia’s gross domestic product decreased in
2012 -2013, and Russia’s Ministry of Economic Development and main international
organizations reduced the its growth expectation greatly for the period 2013 -2014.
Moreover, although the inflation rate decreased from 7% to 6. 5% , it still exceeds
the target range set by the central bank. Furthermore, Russian ruble-dollar exchange
rate has entered a descending channel since the fourth quarter of 2012. However,
Russia’s fiscal revenues and expenditures still remain balanced in general, and its
structural reforms become effective slightly. After joining the WTO, Russia further enhanced the trade and economic cooperation with Europe and Japan. The
cooperation with China in energy, high technology and other key areas also has broad
prospects. Nevertheless, Russia’s relationship with USA was influenced severely due
to the Snowden event. Its growth outlook is not optimistic, and the major economic
risks in the future still concentrate on the weakening energy demand of major trading
partners and declining international prices of oil.
收起