Russian GDP is forecast to increase this year, with solid investment spending and oil prices and inc...
Russian GDP is forecast to increase this year, with solid investment spending and oil prices and increasing consumer demand and wage growth. Dimitri Chatzoudis, portfolio manager at ABN Amro, says: 'Russia is having one of its best years in recent memory with GDP growth expected to be around 6%. 'Confidence has improved and businesses are starting to re-invest in the region. Capital expenditure looks strong, which has mainly been in resources such as oil and mining but is starting to filter through to other areas such as manufacturing.' Christopher Fitzwilliam-Lay, marketing manage...
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