The raft of activity data from Russia for November contains some signs that investment has started to weaken but in general the picture is still of an economy that is stagnating rather than collapsing. The key point however is that that these data predate the recent collapse in the ruble. The full effect of the recent events on the Russian economy will only start to show up in activity data next year, but the short point is that Russia is heading for a deep recession in 2015.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services