1. Market Research
Country Forecast Russia March 2018 Updater

Country Forecast Russia March 2018 Updater

  • March 2018
  • ID: 5365368
  • Format: PDF


Table of Contents

Search Inside

  • Vladimir Putin comfortably won re-election as president for a fourth term in March 2018, securing a record 76.7% of the vote (with over 99.8% of the vote counted) on a turnout of 67%. Mr Putin's re-election was widely expected, given his approval ratings of around 80% and the absence of credible opposition candidates. Formal political opposition is marginal and will remain so over The Economist Intelligence Unit's forecast period (2018-22).
  • The government is unlikely to implement disruptive market reforms in the forecast period. Chinese companies are likely to take a bigger role in the economy, especially in the far eastern part of the country. However, their access to strategic sectors (such as oil and gas) will be controlled.
  • A rapprochement between the US and Russia is unlikely in 2018-19 given the intense scrutiny of Russia's alleged interference in the 2016 US presidential election campaign and new sanctions imposed by the US against Russia in 2017-18.
  • We do not expect the Minsk II agreement to lead to a comprehensive settlement of the conflict in eastern Ukraine in our forecast period, and certainly not before the 2019 Ukrainian parliamentary and presidential elections.
  • We expect US and EU sectoral sanctions on the Russian defence, energy and financial sectors to remain in place in 2018-22. Russian counter-sanctions on Western food imports will also remain in place.
  • The economy contracted by 0.2% in 2016 and grew by 1.5% in 2017, supported by higher oil prices and a recovery in household consumption. We forecast growth of 1.7% in 2018, mainly driven by household consumption.
  • Despite pressure to maintain welfare spending, the government will cut public expenditure as a share of GDP in 2018-19 to contain the budget deficit. We forecast that the budget deficit will stand at 1% of GDP in 2018; it will gradually narrow to 0.4% of GDP by 2022 as stable oil prices facilitate fiscal consolidation.
  • The current account is structurally in surplus owing to oil and gas exports. We estimate that it equalled 2.6% of GDP in 2017, as global oil prices increased, but a stronger rouble against the US dollar weighed on export revenue.
  • The medium-term growth outlook will be constrained by structural weak-nesses, including a lack of competition, high state involvement in the economy, international sanctions, an ageing and declining workforce, and a weak rule of law. We forecast average annual GDP growth of 1.7% per year in 2019-22.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Hot Drinks in Russia, Euromonitor International

Hot Drinks in Russia, Euromonitor International

  • $ 2100
  • March 2019

After retail volume declines in 2015 and 2016, hot drinks continued its slow recovery in 2018. If in 2017 the recovery was due to the improvement in consumer purchasing power, in 2018 growth was down to ...

Utilities Global Group of Eight (G8) Industry Guide 2013-2022

Utilities Global Group of Eight (G8) Industry Guide 2013-2022

  • $ 1495
  • February 2019

Utilities Global Group of Eight (G8) Industry Guide 2013-2022SummaryThe G8 Utilities industry profile provides top-line qualitative and quantitative summary information including: industry size (value ...

Power Transmission and Distribution Conductors, Update 2018 - Global Market Size, Competitive Landscape and Key Country Analysis to 2022

Power Transmission and Distribution Conductors, Update 2018 - Global Market Size, Competitive Landscape and Key Country Analysis to 2022

  • $ 3995
  • December 2018

Power Transmission and Distribution Conductors, Update 2018 - Global Market Size, Competitive Landscape and Key Country Analysis to 2022SummaryGlobal Power Transmission Conductors market registered a compound ...

Home Care in Russia $ 2650 February 2019

Apparel and Footwear in Russia $ 2100 March 2019


Reportlinker.com © Copyright 2019. All rights reserved.

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

Make sure you don’t miss any news and follow us on