Author : Ara Stepanyan
Publisher : International Monetary Fund
ISBN 13 : 1475541430
Total Pages : 26 pages
Book Rating : 4.4/5 (755 download)
Book Synopsis The Spillover Effects of Russia’s Economic Slowdown on Neighboring Countries by : Ara Stepanyan
Download or read book The Spillover Effects of Russia’s Economic Slowdown on Neighboring Countries written by Ara Stepanyan and published by International Monetary Fund. This book was released on 2016-09-27 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) and, to a lesser extent, on Baltic countries. The spillovers to eastern Europe have been limited. The degree of impact is commensurate with the level of these countries’ trade, remittances, and foreign direct investment (FDI) links with Russia. So far, policy action by the affected countries has focused on mitigating the immediate consequences of spillovers.