Ever wonder to what extent Russia depends on oil revenues—and what happens to such an economy when crude prices fall by half? Or what the tangible effects are of sanctions when a country falls out of favor with its trading partners?
Well the IMF’s latest annual assessment of Russia’s economy shows cheap oil and sanctions together have helped drag the country into a recession.
In this Podcast, the IMF Mission Chief for Russia deconstructs these major factors of Russia’s slowing economy.
Listen to it on SoundCloud
Filed under: Advanced Economies, Economic outlook, Economic research, Europe, Globalization, International Monetary Fund | Tagged: advanced economies, economic growth, Europe, global economy, oil prices, Russia |