PARIS (AFP) – The outlook for Russias recession-hit economy remains weak, as it struggles with international sanctions and weak oil prices, ratings agency Standard & Poors said Friday.S&P said it expected the Russian economy to expand by about 0.4 percent annually between 2015 and 2018, well down on the average 2.4 percent seen in the previous four years.S&P kept its BB/B long- and short-term foreign currency rating for Russia.The ratings remain constrained by our view of Russias relatively weak political institutions and economic income and growth prospects, which we believe impede the economys competitiveness and business and investment climate, …read more
Source: Dunya TV
