Abstract
The crisis of 1998 affected the entire economic system in Russia. The future seemed very uncertain. International financial institutions (IMF 1998) gave a disappointing forecast for the Russian economy (most analysts predicted 1999 consumer price inflation would be in the range 80–200 per cent and that there would be a real GDP decrease of 4–10 per cent1). This pessimistic view was based not only on the aftermath of the crisis. The coming to power of the left-leaning government inspired the worst fears of the populist measures and hyperinflation.
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© 2010 Andrey Vavilov
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Vavilov, A. (2010). Recovery After the Crisis. In: The Russian Public Debt and Financial Meltdowns. Palgrave Macmillan, London. https://doi.org/10.1057/9780230282087_8
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DOI: https://doi.org/10.1057/9780230282087_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32062-2
Online ISBN: 978-0-230-28208-7
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