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Analysis by Region - Europe - Russia

Publisher Oxford Economics
Published Apr 29, 2022
Length 10 Pages
SKU # OFE17149002

Description

Analysis by Region - Europe - Russia

We have maintained our GDP forecasts of a 10.9% contraction in 2022 and a 3.3% decline in 2023. While GDP is estimated to have grown by 3.7% y/y in Q1, this mainly reflects buoyant growth in January-February, before Russia's invasion of Ukraine. Having already banned coal imports, the EU is currently considering further sanctions to restrict oil and gas imports from Russia, which presents a downside risk to Russia's export and growth outlook.

Table of Contents

10 Pages
Russia: Recession expected in 2022 and 2023 due to war in Ukraine
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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