COVER STORY: STILL HOLDING ON?
BOFIT Russia Forecast: The Economy Will Contract Slightly Further in 2016 Before Recovering Slowly
Published 2018-07-09
Keywords
- RUSSIAN ECONOMY,
- FORECAST,
- FORECAST MODEL,
- OIL PRICE,
- GDP
- IMPORTS,
- DEMAND COMPONENTS,
- ECONOMIC POLICY ...More
How to Cite
1.
Корхонен В. BOFIT Russia Forecast: The Economy Will Contract Slightly Further in 2016 Before Recovering Slowly. ECO [Internet]. 2018 Jul. 9 [cited 2024 Sep. 5];45(12):6-31. Available from: https://ecotrends.ru/index.php/eco/article/view/1107
Abstract
This article describes the latest BOFITs Russia forecast. As a background to it, the article reviews the slowdown of growth in the Russian economy and especially the contraction in 2015. BOFITs Russia forecast is discussed in two respects. The first is the forecast outcome for 2015-2017 as regards both supply (GDP and imports) and demand (consumption, exports, investments and inventories). The second aspect, is how the forecast is made, with references to BOFITs Russia forecast model and more focus on the judgemental phase of the forecast. Finally, the article addresses issues of monetary policy and budgetary policy that relate to the forecast, as well as highlights focal risks to the forecast.References
1.
BOFIT Forecast for Russia 2015-2017. -Helsnki: BOFIT, 2015. URL: www.suomenpankki.fi/bofit_en/seuranta/ennuste/Documents/brf215.pdf
2.
Rautava J. Oil prices, excess uncertainty and trend growth//Focus on European Economic Integration. -2013. -No. 4. -P. 78-87. URL: https://www.oenb.at/Publikationen/Volkswirtschaft/Focus-on-European-Economic-Integration/2013/Focus-on-European-Economic-Integration-Q4-13.html