Sunday, April 27, 2014

Another BRIC out of the wall?

http://www.economist.com/blogs/buttonwood/2014/03/emerging-markets?zid=295&ah=0bca374e65f2354d553956ea65f756e0

This article discusses the potential future of Russian economy. In 2001 Russia has been included to the list of BRIC countries (Brazil, Russia, India and China) as he emerging markets with a lot of importance for the global economic community. Russia has shown the best performance out of the four countries, primarily due to the commodity boom.

The chain of recent events with Ukraine have significantly damaged Russia's position in the world and its future forecast. Foreign investors, who were very enthusiastic about Russia's growth, have voiced their concerns with sanctions having negative effect on Russia's economy. Foreign investment is declining and will continue to until the situation is resolved. Forecast predict Russian economy to grow 1% in 2014 and 2% in 2015.


1 comment:

Unknown said...

I will be very interested to see how this plays out- how Obama and other international community responds to the ongoing situation in Ukraine. Especially with Putin being such a polarizing and volatile leader.