The Russia Competitiveness Report 2011
The Russia Competitiveness Report 2011 is being released at a time of great promise for the Russian Federation. Almost two decades after transitioning from a planned to a market economy, and following a decade of buoyant growth, the country was hit hard by the financial and economic crisis of 2008 and 2009. Oil prices collapsed and Russia’s financial sector suffered greatly from limited international liquidity. The government moved rapidly to protect the economy through stimulus measures and, since then, recovery has been slowly underway.