Growth potential still set for Russian economy

Central and Eastern European economies, such as Russia, have largely been unaffected by the current credit crunch affecting developed economies, according to Dr Tibor Schindler, chief strategist for emerging markets for Raiffeisen Capital Management. Schindler said that although there have been isolated companies in the region that have been affected, the growth potential is still firmly in place. In the case of Russia Raiffeisen is estimating 7% real GDP growth for 2008, compared with 1% for the US and 1.9% for the 13 major EU economies. Russian inflation is set tp be in the region of ...