Russia: Recession to continue in 2016 as oil prices remain low

Four-fold crisis to continue: politics,

confidence, oil revenues and currency. Recession to drag on in 2016. Currency risk remains high.

Inflation is easing. Challenging times for banks. Sovereign default unlikely in 2016. Capital flight weakens external position.

Russia: Recession to continue in 2016 as oil prices remain low - Report

russia-country-report-mar16.pdf

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