러시아ㆍ유라시아

Economic growth has sharply decelerated. After reaching a peak of 5.3 per cent in the first quarter of 2018, growth has since decelerated to 0.9 per cent year-on-year in the first half of 2019.

Short-term risks to the outlook have increased. The authorities are working on a response to the adverse supply shock coming from the new energy taxation system that is being introduced by Russia.

The business environment is improving. The authorities have made progress in creating a better business environment for private enterprises, but the commercialisation and privatisation of state-owned enterprises (SOEs) are lagging behind.