An Economy In Trouble?

August 2004 | Market Strategy

Over recent months we have become increasingly bearish on the medium term outlook for the Russian economy, and the latest economic figures from the economy ministry concur with this view. Despite upping its 2005 Urals Crude price forecast to US$28.00/b for 2005-7 from US$26.00/b in 2005 and US$24.00/b in 2006-7, growth rates were only slightly raised.

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