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Russia has demonstrated good resilience during the financial and economic crisis, though the speed of convergence has been lower than in most BRIICS countries, and growth has slowed more recently.
These statistics set out industrial production of total industry, manufacturing, manufactured crude steel, manufactured intermediate and investment goods, energy, construction. The series are updated continuously and are shown as seasonally adjusted indices. The series are updated continuously.
Retail trade (volume) series are shown as seasonally adjusted indices. For most countries, the volume indices are compiled by national sources. For the remaining countries, the value figures have been deflated by OECD using an appropriate consumer price index. The series are updated continuously.
The OECD supports countries of Eastern Europe, Caucasus and Central Asia (EECCA) to reconcile their environment and economic goals thus addressing the heavy environmental legacy of the Soviet model of development. This support is provided within the framework of the Task Force for the Implementation of the Environmental Action Programme (the EAP Task Force).
Although recently we have observed signs of a pick-up in employment and investment in some countries, there are no clear prospects yet for a strong global recovery and a return to the pre-2007 growth path.
The Russian Federation’s economy is growing, but further reforms are needed to bolster future growth, improve the business climate and strengthen innovation, according to the OECD.
Russia’s accession to the OECD will be of great value to Russian society, and it is also a win-win situation for the OECD. Russia’s unique experiences and competencies in areas like public debt management, labour force participation and education rates, as well as its expertise in some high-tech sectors, will add great weight to the policy discussions and peer-learning dialogue amongst our member countries.
Despite the slowdown of the world economy, Russia has continued to grow. Most importantly, your macroeconomic house is basically in order, with inflation largely under control, public finances close to balance, and a current account surplus. But growth must become sustainable and fair through the implementation of the right policy mix, said OECD Secretary-General.
Mr. Angel Gurría, Secretary-General of the OECD, was in Moscow to attend the Gaidar Forum where he presented the OECD Economic Survey of the Russian Federation. His visit also included meetings with Prime Minister Medvedev, Deputy Prime Minister Shuvalov and members of the cabinet and the business community.
The Russian Federation began reporting its ODA to the OECD for the first time in 2011 (on 2010 flows), becoming the first “BRICS” (Brazil, Russia, India, China, and South Africa) country to do so. In 2010, the Russian Federation’s total net ODA disbursements were USD 472.4 million, down from USD 785 million in 2009, as reported by the Russian Ministry of Finance.