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Macroeconomic Policy: From Stabilization to Growth
1 June 2017

Following the shock of falling oil prices and sanctions in 2014–2016, the Russian economy has stabilized. The decline in GDP has turned into growth, the economy is now structured along healthier lines, and inflation is on its planned course although just a year ago, few people believed that 4% was attainable. The new challenge facing Russia is to ensure a rate of growth which exceeds the global average. What should be prioritized in development strategies? Where might a new driver for the economy be found? What changes to policy are needed, and what support measures could provide solutions for the current situation?

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