Russia's economy experienced two shocks in 2014. On top of the structural crisis that began in 2012, Russia had to deal with cyclical and idiosyncratic challenges to the economy. One of the new shocks illustrates Russia’s integration into the world economy through its natural resource exports, and thus its dependence on the global commodity cycle: oil prices more than halved between July and December 2014, giving Russia a terms-of-trade shock. The...
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2015/04/01
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Documento de Trabalho (Série Numerada)
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95697
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1
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1
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2015/04/13
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Disclosed
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Russia economic report : the dawn of a new economic era?
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oil price
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