Goldman positive on Russia

By Catherine Lafferty Goldman Sachs is positive on the long term prospects for Russia but is cautious as continued growth in the economy depends heavily on planned government reforms. Russia has achieved a remarkable turnaround in economic performance, according to Al Breach, international economist at Goldman Sachs. Real GDP growth is expected to be 7% for 2000, with investment growth of 18%. Over the past year the economy has been bolstered by the high price of oil as well as positive investor sentiment created by President Putin's reforms and policies. Breach said that while the hig...