Thursday, March 28, 2013

Roubini Predicts Slower Growth in Russia

Russia's economy is facing a slowdown due to a lack of necessary structural reforms, according to a report by Roubini Global Economics, a macroeconomic research firm founded by economist Nouriel Roubini. According to the firm's estimates, GDP growth will slow to 3.3 percent this year, versus 3.4 percent last year. Growth next year is expected to drop to 3.2 percent. Despite the government's intention to move to an investment-fueled model of growth, consumption will remain the economy's main driver in 2013-14. - in the Moscow Times
Read more: Moscow Times
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