Expected Resurgence of Russia in 2017
December, 27 2016
After years of recession, Russia is about to come back for next year. Although it does not mean performance in the stock market that has already increased by 40% to the present. The Russian Finance Minister said that the economy will grow by 1.5% from a -3% advancement in the past two years.
Investors also strive for a removal of sanctions in 2017 concerning oil and gas after a certain company lost $1 billion due to Russian penalties. The GDP for 2016 is projected to position at -0.5% which an improvement than the predicted -0.6% according to the Ministry of Economic Development. Nonetheless, this year will not close positively but a promising start in 2017 after getting behind for 2 years.
