Four-fold crisis: politics, confidence, oil
revenues and currency. Deep recession forecast in 2015. Currency crisis with severe impact.
Inflation to remain in double-digits while
monetary policy focus shifts to growth. Banking sector remains vulnerable. Sovereign default unlikely in 2015. Capital flight weakens external position.
Russia: Currency crisis and deep recession in 2015 - Report
revenues and currency. Deep recession forecast in 2015. Currency crisis with severe impact.
Inflation to remain in double-digits while
monetary policy focus shifts to growth. Banking sector remains vulnerable. Sovereign default unlikely in 2015. Capital flight weakens external position.
Russia: Currency crisis and deep recession in 2015 - Report