Top Emerging Markets Archive - Russia

Not much has changed for the better since I gave my 2009 economic outlook for Russia in January of this year. Though their stock market has had a nice run of it, their economy continues to suffer. In fact, even Russian officials don't expect their economy to fully recovery until perhaps 2012. For now, I expect Russia's recovery to be volatile and more difficult to predict -- so we'll continue to avoid the country and focus on more profitable opportunities elsewhere in Asia.

Like much of the world, the economic picture is not very bright for Russia in 2009. The country is suffering from an economic slowdown, and may even slip into recession this year. What caused the Russian economy to take a turn for the worst after seven years of robust growth? A variety of things weighed heavily on the country this year including the drop in oil prices, the war with Georgia and its depreciating currency.