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Russian Federation: 2020 Article IV Consultation-Press Release; Staff Report
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2021: Issue 036
Language:
English
Publication Date:
09 Feb 2021
DOI:
https://doi.org/10.5089/9781513568751.002
ISBN:
9781513568751
ISSN:
1934-7685
Pages:
74
Keywords:
January data; upside risk; staff appraisal; preliminary data; IMF staff estimate; Oil prices; Fiscal stance; Inflation; Loans; Global; CONSULTATION-SUPPLEMENTARY information; Policy discussion
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Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical response to the crisis, which has helped limit the economic downturn. Nevertheless, the crisis is likely to leave some long-term scars.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund