Russia’s economy will fail to grow at all in 2014 and inflation will reach a four-year high, a Reuters poll of economists showed on Tuesday, as Western sanctions over Ukraine bite.
Economists cut back their growth forecasts for Russia this year as the escalating Ukraine crisis prompted waves of Western sanctions and a massive outflow of capital that are both hurting Russian companies’ ability to raise finance.
The latest poll, the first since a cease-fire in Ukraine between government forces and separatist rebels, suggests the economic fall-out from the crisis for Russia is far from over.
“Geopolitical risks remain, as the situation in …read more
Source: Voice of America
