Russia: More Difficult Months Ahead

Russia's President Putin holds news conference at the end of a G8 summit in Enniskillen

PMI indexes are all saying one only sad truth about Russia: the economy won’t improve anytime soon, and the oil crisis will just make it worse

We’ve been following Russian PMI index for a while, and the situation has not changed from what we were expecting few months ago:

While manufacturing is trying to gain some momentum, the future (at least for the short-term) does not look bright for Moscow.


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