Despite the recent slowdown, the underlying growth of the global economy remains solid. After a 4 percent growth in 2010, Russia's real output is expected to grow 4.4 percent in 2011, increasingly driven by domestic demand. Russia's households have absorbed the food price shock thanks to a combination of higher wages and pensions, and resort to private and public safety nets. The country emerged from the global recession with lower unemployment and...
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2011/03/01
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Documento de Trabalho (Série Numerada)
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63753
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1
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1
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2011/08/17
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Disclosed
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Sustaining reforms under the oil windfall
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barrels per day
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