Economic Rebalancing and Service Delivery Efficiency
Policies that support further middle class growth and a reduction
on vulnerability will have to be implemented in a difficult context
15
Lower oil prices and slowing growth
More limited fiscal space
Ageing population
GDP growth in Russia, contributions, 2007-2014
4440
Working age population, BRIC countries
-5
-10
-15
55
10
5
0
2007
2008
2009
Consumption
Export
--GDP growth
2010
2011
2012
Gross Fixed Capital Formation
Import
Source: Russian Statistical Authorities
THE WORLD BANK
IBRD IDA WORLD BANK GROUP
2013
Change in inventories
Stat error
2014
20
120
80
1000
100
1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
Russia
Year
Brazil
China
India
Source: UN World Population Prospects: The 2012 Revision. Projections after 2010, median variant.
Source: UN World Population
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