JPMorgan says Russian economy still booming

Oleg Biryulyov, portfolio manager of emerging market equities at JP Morgan Asset Management, says Russia’s domestic-driven economic expansion remains well supported, with domestic investment growth rates jumping from 12% to 17%. The main drivers of growth are shifting from net exports and consumption towards investment and fiscal expansion, he says. “Russia is still in a boom in the economy. GDP growth is still 8% this year...