The Russian Economy: Situation and Outlook
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Transcript of The Russian Economy: Situation and Outlook
The Russian Economy:Situation and Outlook
The Russian Economy:Situation and Outlook
ICEUR Business SeminarThe Russian Economy After Sochi
Vienna, March 03, 2014
Sergey Afontsev
Institute for World Economy and International Relations, Moscow, Russia
EU-Russia Industrialists Roundtable
Economic Dynamics in 2013 (per cent)
Mixed Performance in January 2014
Growth Rates: Russia vs. World Economy
GDP Dynamics:Comparative Perspective
Consumer Prices(percentage change)
Unemployment (per cent)
USA EU China Russia
GDP, 2009 PPP, US$ (bn) GDP, 2009 current US$ (bn)
IMEMO Growth Forecast
Fuels and Energy Still Fuel Growth
GDP Growth vs. Investment Growth
Does Russia Invest Too Little?Investment Shares in GDP
World…………………..
Developed Countries….
G7…………………….
US…………………
UK………………..
Japan……………..
EU……………………
Eurozone…………….
Germany………..
The Netherlands.
France………….
Spain……………
Greece…………
Ireland………...
Developing Markets…..
Asia…………………...
China…………….
India……………...
Latin America………….
Brazil…………….
Mexico………….
CIS……………………..
Russia……………
FDI Flows
EU – 39 per cent CIS – 28 per cent (incl. Ukraine – some 9 per cent )
R ussian Federation
42.919.3
1.6
6.3
4.4
0.8
3.7 1.1
30.9
Foreign Assets of Top 20 Russian MNEs(US$ bn, end of 2011)
Total FI stock in Russia equals $381.1 (end of December, 2013), incl. FDI $126.1 (32.8 per cent of the total).
Foreign Investment to Russia:Country Structure
Can Megaprojects Help?
Resources are still available…
…as well as international reserves