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[IWS] World Bank: RUSSIA ECONOMIC REPORT [24 September 2014]
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
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RUSSIA ECONOMIC REPORT [24 September 2014]
[full-text, 49 pages]
Press Release 24 September 2014
Russia Economic Report 32: Policy Uncertainty Clouds Medium-Term Prospects
Moscow, September 24, 2014 - The Russian economy is near stagnation, with continued lowered domestic demand leading to growth of 0.8 percent in the first half of 2014, similar to 0.9 percent in 2013, the World Bank said today in its latest Russia Economic Report launched in Moscow. Economic activity was already hamstrung by lingering structural problems and a wait-and-see attitude on the part of both businesses and consumers in 2013. An additional negative impact on the economy―besides slow structural reforms―came from increased geopolitical tensions and an uncertain policy environment. It is policy uncertainty about the economic course the country will take that is casting the longest shadow on Russia’s medium-term prospects.
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