ING Research Report ING
Russia
Unlocking the potential
In the seven years before the 2009 crisis, Russia achieved an annual average GDP growth rate of 6,8%. After this period the pace of growth slowed down. For the coming years only 2-4% is expected. To reach the potential growth rate of 5%, Russia needs to make more progress in competitiveness, reduction of corruption and improvements in the business climate. Furthermore, the country has to focus on non-oil industries, high added value production, improving the legal environment and more equal distribution of power and wealth. The main challenge is to convince domestic and foreign investors that Russia is working seriously on these issues. .
Report:
Potential of
Russian economy
