Russia’s economy is displaying “encouraging signs” of recovery and should return to growth in the first quarter of 2017, though it will take years for inflation expectations to be anchored, the central bank’s first deputy governor said yesterday.Growth was flat to slightly positive in the third quarter and fourth quarter data will likely show the same, Ksenia Yudayeva told Reuters in an interview on the sidelines of an investment conference organised by the Moscow Exchange in London.“We see recently encouraging signs in the economy, recent PMI data was very strong, Rosstat has just published its indicator of business sentiment, which …read more
Source: Gulf times
