Russia’s growth problem. Bruegel Policy ContributionIssue n˚4 | February 2019
Journal: Archive of European Integration (AEI) (University of Pittsburgh)
Year: 2019

Between 2014 and 2016, the Russian economy suffered from a currency crisis caused by the collapse of oil prices and the country’s engagement in the conflict with Ukraine. Although the crisis was overcome in the second half of 2016 thanks to prudent fiscal and monetary policies and higher oil prices, economic recovery remains weak and Russia’s medium-term growth prospects look rather disappointing. The weak growth prospects are caused by several factors including: (i) adverse demographic trends –