Russia's economic growth slowed in the second quarter of 2011 as the inventory restocking cycle waned. High oil prices have kept the external current account in surplus but capital outflows continue. Gradually improving labor market conditions and access to credit and external borrowing are supporting domestic consumption but consumer confidence and external risks are constraining a more robust growth in domestic demand. Inflation is on a downward...
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DETAILS
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2011/09/14
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Working Paper (Numbered Series)
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64571
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1
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1
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2011/09/23
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Disclosed
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Growing risks
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oil price
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Citation
Growing risks (English). Russia economic report|no. 26 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/756751468143685260