• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Cornerstone International Group

Executive Search Firm

About Cornerstone

About Cornerstone

The Cornerstone Edge

AESC

Leadership Team

Diversity, Equity, & Inclusion

Become a Partner

Play Video

Get to know Cornerstone

Retained Executive Search

Discover

Retained Executive Search

Assessments

Specializations

Consumer / FMCG

Industrial

Non-Profit

Finance & Private Equity

Life Science & Health

More...

Find an Office

North America

Latin America

Europe / Middle East

Asia

 Find an Office

 Find a Search Consultant

Coaching / Leadership Dev

Discover

Executive Coaching Services

Leadership Development

Board & CEO Advisory Services

Assessments

Find a Coach

News / Blog

News & Blog Posts

National Outlooks

Videos

Surveys

Press Releases

Popular Blog Topics

COVID-19

diversity

leadership development

Healthcare

executive search

executive coaching

women in business

Life Science

neuroscience

vitality quotient

Latest Blog Post

Asia’s Fast-Growing EV Market Will Disrupt Automotive Industry Recruitment

June 2, 2022
Contact
Outlooks Russia – 2019
National Outlook

Russia – 2019

Executive Search in Russia – 2019 Outlook

Politics continue to overshadow Economy in Russia

Politics dominates the headlines as we move into a new year.

The reelection of Vladimir Putin as president for an unprecedented fourth term in 2018, continued tensions with Europe and the United States, the expulsion of Russian diplomats from several countries, and a growing list of international sanctions on Russia are some of the trending topics of discussion. All of this often takes the spotlight away from Russia’s economy.

Oil is the backbone of Russian economy. Since 2014, oil prices have been on the decline, dealing a major blow to the economy, but the economy returned to growth in 2017.

The government predicted GDP growth of 2.1% in 2018 but cut it to 1.8%.  Estimates for 2019 by the international financial institutions (IFIs) range from unchanged to 1.4%

Relatively higher oil and commodity prices have helped boost economic activity and have replenished state coffers. The labor market has tightened and real wages are on the rise as salary increases for state workers, promised in 2012, were put into effect before the presidential election.  Inflation remains dormant due to a relatively stronger ruble. Monetary policy has been eased and there is likely room for further loosening.

Russia has also climbed the ranks in terms of competitiveness and ease of doing business. On the surface, the Russian economy is doing better than in the recent past.

However, there are always risks—the banking sector commonly remains a cause for concern, Russia’s labor force is shrinking, productivity appears stagnant, and the economy continues to be heavily dependent on hydrocarbons.

The outlook for executive search and hiring is not particularly strong and we keep on working for Russian and western partners in neighboring Kazakhstan, Ukraine, Belorussia and other former USSR countries.

For information contact Natalia Prokhorova at Cornerstone Moscow

22
SHARES
LinkedinFacebookTweetShareEmailPrint

Report by

Natalia Prokhorova - Headhunter
Natalia Prokhorova Cornerstone Moscow

National Outlooks

  • Russia – 2021
  • Russia – 2020
  • Russia – 2019
  • Footer

    Areas of Specialization

    • by Industry
      • Life Science & Health
      • Financial Services PE & Family Office
      • Industrial
      • Consumer
      • Technology
      • Private Equity
      • Infrastructure & EPC
    • by Function
      • Board Directors & CEO
      • Human Resources
      • Finance and Legal
      • Agile Talent
      • Sales & Marketing
      • Operations & Supply Chain

    Quick Browse

    • Find an Office
    • Find a Consultant
    • Find a Coach

    Services

    • Retained Executive Search
    • Board & CEO Advisory
    • Executive Coaching

    About Us

    • About Cornerstone
    • The Cornerstone Edge
    • Join Cornerstone

    Switch Language

    Connect with Cornerstone

    Copyright © 2022 · Cornerstone International Group · Sitemap

    Website Development by LimeCuda

    Member-Only Portal