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inflation will subside by yearend. Subsiding inflationary While the rouble might continue to pare its post March 3 losses in the short term, we reiterate our long term bearish outlook for the rouble. We forecast the currency to trade within a long term depreciatory trend, and to Lacoste Carnaby Sneaker

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We expect Russia current account surplus to moderately expand in 2014 on the back of the worsening outlook for imports on the back of the weaker outlook for domestic demand to 1.8% for 2014, up from 1.6% in 2013, whereas previously we expected a modest expansion. Nevertheless, from 2015 onwards, the current account

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relations is unlikely until President Putin leaves office, and even then, military and security related obstacles will prevail over diplomatic.

Russia Business Forecast Report Q3 2014

Major Forecast Changes

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Ralph Lauren Womens Polo Shoes

Ralph Lauren Womens Polo Shoes

Information contained on this page is provided by an independent third party content provider. WorldNow and this Station make no warranties or representations in connection therewith. Following a modest rebound in 2015 in growth, driven by subsiding geopolitical tensions, we reiterate our expectation for a moderate deceleration in private consumption growth and subdued pace of fixed investment growth over the next few years. Although inflation spiked to 7.3% y o y in April, up from 6.1% y o y in January, we reiterate our view that Lacoste Shoes For Women Black

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down our forecast for real GDP to 1.0% in 2014, from 1.9% previously, and to 1.5% for 2015 from 2.1% previously on account of the worsening outlook for domestic demand in 2014 due to the Ukraine crisis. We expect fixed investment in Russia to contract in 2014 Ralph Lauren Womens Polo Shoes by 1.5%, whereas previously we expected modest growth of 0.5%, as geopolitical tensions between Russia and the West over Ukraine in Q114 shattered Russia image in the investors eye.

We have revised Lacoste Gazon White

average RUB35.20/USD in 2014 and RUB35.60/USD in 2015. The main drivers underpinning our view are the deteriorating outlook for Russia current account surplus, subdued demand for Russian real and financial assets and the planned transition of the Central Bank of Russia (CBR) exchange rate policy towards free float by 2015.

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will resume its narrowing trajectory, and reverse into deficit by 2017, driven by the deteriorating outlook for hydrocarbon exports, which are poised for structural deceleration both in volumes and prices.

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