Economic Recovery in the Commonwealth of Independent States: Oil, Reforms, Rebound – or All of the Above?
October 31, 2007
Transition countries in the European and Eurasian region all experienced a significant decline in output throughout the 1990s. While the extent of the decline is sometimes disputed because GDP measures used during the Soviet era cannot be compared with those of the market regime that followed, there is no doubt that all countries in
this region underwent a “transitional recession.”