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Russia: Reform after the Great Recession

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Economic and Technological Developments in Russia Economic, financial, and policy analysis Russia and Soviet political economy

Abstract

Russia has weathered the global crisis better than initially feared, in part due to its large stimulus package, and is now likely to witness a robust but relatively jobless recovery. But the crisis has emphasized the country’s long-standing needs to modernize its public sector, strengthen its financial sector, improve its investment climate, and advance diversification.

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