1. Market Research
  2. > Materials
  3. > Metals Market Trends
  4. > Country Economic Forecasts

Country Economic Forecasts

  • October 2014
  • -
  • Oxford Economics
  • -
  • 3 pages

Summary

Table of Contents

Search Inside

Economic growth has
held up reasonably well despite near-stagnation in the Russian economy. GDP
grew by 6.7% in H1 compared with a full-year outturn of 7.4% in 2013, underpinned
by a 28% rise in investment and robust consumption, with remittances inflows
falling back only slightly and public consumption remaining strong. But we
expect the impact of the Russian downturn to intensify in H2 and into 2015,
which will hit remittances (equal to 48% of GDP) that come almost entirely from
Russia. With commodity prices subdued and monetary policy tightening, we now
expect GDP growth to slow to 5.5% in 2015 from an expected 6.2% this year. Over
the medium term, we forecast growth of about 6% a year. The trade deficit
climbed sharply in the first eight months of 2014 as exports shrank 14% while imports
rose by almost 20% on the back of strong domestic demand. As a result, and with
remittances falling sharply, we expect the current account deficit to widen
from about 1% of GDP in 2013 to almost 12% of GDP this year, with a further climb
to over 18% seen in 2015.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
World Commodity Forecasts Industrial Raw Materials April 2016

World Commodity Forecasts Industrial Raw Materials April 2016

  • $ 530
  • Country report
  • April 2016
  • by The Economist Intelligence Unit

NCAIS: 0 SIC: 0

World Commodity Forecasts Industrial Raw Materials April 2016

World Commodity Forecasts Industrial Raw Materials April 2016

  • $ 530
  • Country report
  • April 2016
  • by The Economist Intelligence Unit

NCAIS: 0 SIC: 0

Country Economic Forecasts > Peru

Country Economic Forecasts > Peru

  • $ 163
  • Country report
  • January 2017
  • by Oxford Economics

Rapid growth in the mining sector was a key factor behind Peru achieving respectable GDP growth last year. However, in 2017, the expansion is set to become more broad-based as the new government implements ...


Download Unlimited Documents from Trusted Public Sources

The US and Switzerland - Country Report, Weekly Update

  • February 2017
    10 pages
  • Metals  

    Gold  

  • United States  

    Switzerland  

View report >

Switzerland - Economic Analysis, Weekly Update

  • January 2017
    10 pages
  • Metals  

    Gold  

  • Switzerland  

View report >

Economic Analysis

  • January 2017
    3 pages
  • Aluminium  

View report >

Global Economic Analysis

10 months ago

Related Market Segments :

Aluminium

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.