RaboResearch - Economic Research

Country Report

Russia: bottoming out?

Russia’s economy might be finally bottoming out after recording a 5% yoy contraction in 2Q15, the sharpest in six years. However the growth outlook remains bleak due to structurally lower oil prices, existing sanctions and lack of structural reforms.

Country Report

Country Report Russia

Russia’s economy is forecasted to shrink by around 4% in 2015, on the back of lower oil prices and imposed sanctions. The outlook also remains bleak due to low investor confidence and a tightening of the government’s control over the country.