The difficulties Russia is facing in modernizing its transport system will impact the dynamics in the freight market over our forecast period until 2020. Both road and rail infrastructure need substantial investment to realize its transit potential, however the tight fiscal situation in Russia and Western sanctions will limit the Russian government's capacity to fund infrastructure projects. Sanctions prohibit the European Bank for Reconstruction and Development to lend money to Russia and thereby hindering Russia's capability to finance infrastructure projects.
Persistently low oil prices, weak investment growth and declining real incomes will prevent a swift recovery in the Russian economy in 2016. Russia will maintain a current account surplus in 2016 and 2017 as imports remain subdued. We maintain our real GDP growth forecast for 2016 at 0.5%. Although we have downgraded our forecast for 2017 from 2.3% to 1.5% year-on-year (y-o-y) as lower oil prices will prolong a recovery in the Russian economy. The economy's dependence on the oil sector makes it particularly vulnerable to a sustained decline in energy prices. This will remain a key determinant of its economic performance over the coming years.
Full Report Details at
- http://www.fastmr.com/prod/1109937_russia_freight_transport.aspx?afid=301
We forecast an improvement on Russia's trade outlook for 2016 and over the medium term. 2016 is marking a shift in trade growth as we expect real trade to grow by 4.25% over the next year, compared to a contraction of 12.45% in 2015. Russia's trade outlook for 2016 will be that of moderate growth in light of sanctions by the EU and the contractions of real GDP in 2015. Imports are forecast to have the strongest growth over the medium term as the economy will shift towards consumer demand. Russia's medium term trade outlook remains uncertain however, given the continuation of trade sanctions which have recently been extended until July 2016.
The Russia Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.
BMI Research's Russia Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Russian freight transport and logistics industry.
Key Benefits
* Benchmark BMI's independent freight transport industry forecasts on Russia to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
* Target business opportunities and risks in the Russian freight transport sector
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- South Africa Freight Transport Report Q1 2016
- Singapore Freight Transport Report Q1 2016
- Kuwait Freight Transport Report Q1 2016
- Indonesia Freight Transport Report Q1 2016
- Turkey Freight Transport Report Q1 2016
Russia Freight Transport Report Q1 2016 - New Report Available
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001