Russia Emerging From Recessionary Deep Freeze
Russia Emerging From Recessionary Deep Freeze.
Russia Emerging From Recessionary Deep Freeze.
Russian manufacturing expanded at the fastest pace in six years as factory output, new orders, and employment surged. The seasonally adjusted Purchasing Managers’ Index, or PMI, climbed to a 70-month high of 54.7 in January from 53.7 in December. Strong demand pushed production higher and factories added workers to keep…
Former Russian economic minister Alexei Kudrin, once Vladimir Putin’s golden boy, said today that the Russian government has not faced economic realities regarding the economy and the federal budget. “The price of oil fell, we don’t have enough income, and there are problems with growth factors,” Mr. Kudrin told his…