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

Kenya: climbing economy, sliding currency

Kenya’s economy continues to grow strongly, but the depreciating currency poses short term risks for inflation and debt service. In the medium term, elections in 2018 could give rise to increased ethnic tensions and result in civil unrest.