Tue Feb 10, 2009 16:57 GMT |
Readers of Risk Watchdog will know of my long-held bearish outlook on Russia and I thought I’d take the opportunity to reassert my position seeing as Business Monitor International just revised down its 2009 Russian economic growth forecast to -4.0% (yes, that’s a minus sign). Without going into a 1,500 word expose on all things… [Read more]
Tags: capital outflows, Capital Shortage, Economy, gdp growth, Interbank, Money Market, money supply, recession, Russia
Posted in: Emerging Europe, Financials, General
Wed Nov 12, 2008 16:14 GMT |
Latvia is the newest victim of the credit crunch. This is not official. No formal application has been made for an IMF bail-out package, nor has it made the front pages of any major newspaper of record on the continent. That said, with the economy contracting by 4.2% in the third quarter (down from 10.1%… [Read more]
Tags: Balance of Payments, crisis, Current Account Deficit, External Debt, FX, IMF, Interbank, Latvia, recession, Refinancing, Reserves, Rouble, Russia
Posted in: Currencies, Emerging Europe, Financials