Sep 10, 2010
| Last Updated
- Fiscal stimulus continues to support consumption, but lackluster investment will cool growth in H2 2010.
- Higher food prices will exacerbate inflationary trends, raising inflation expectations for H2 2010 and 2011 and bringing forward currency appreciation and rate hikes.
- Credit market weakness will restrain private sector investment, keeping growth below trend but near potential.
Outlook Update: Growth Prospects Dim
Since our July Outlook update, RGE has revised down Russia’s growth forecast to 4% y/y in 2010. While government stimulus continues to drive a recovery in household[...]
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