Russia: Heading for recession as sanctions begin to take effect

9/17/2014 - Report
ic_blogtagRussiaBusiness ClimateCountry RiskGrowthTrade
Recession expected in H2 2014. Exchange risk has increased. Rising inflation suggests further monetary tightening to come. Banking sector remains vulnerable. Public finances not a problem in the short term. Capital outflows undermine external position. FX reserves declining but still ample.

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Russia: Heading for recession as sanctions begin to take effect - Report