Ten Hungry Years?

RUSSIA ENERGY / FINANCE - Report 22 Nov 2013 by Marcel Salikhov and Leonid Grigoriev
Executive Summary The Economy Ministry has sharply lowered its long-term growth forecast for 2013-2030. This is because it relies upon a conservative base scenario, of 2.5% instead of 4.1% CАAGR. While we aren’t in a position to reassess the significance of official forecasts, or the figures used, we can say that this less optimistic forecast may boost authorities’ interest in structural reform. According to the new mood set last summer by Economy Minister Aleksei Ulyukayev, structural reform, new investment, R&D incentives and new technology are needed to help Russian growth to catch up wi...

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