Recent data show the Russian economy contracted 1.9 percent in the first quarter of 2015. In this article, Sergey Aleksashenko delves into the events that led to the downturn, and what we can expect for the rest of 2015.
When the Russian ruble collapsed in mid-December last year, losing one-third of its value in three weeks, some experts forecasted a drastic downswing for the Russian economy in 2015 exceeding 10 percent of GDP. But five month later, the ruble has bounced back; the Russian stock market index has risen 25 percent since January 1st, while the Russian economy’s slide in the …read more
Source: Brookings