The impact of the Euro crisis on Russia`s economy

May 28 2012

Niyaz Karim

It appears that, at least so far, the impact from the Euro crisis has not been particularly significant on the Russian real economy. The Russian economy currently grows at a relatively slow pace, but is nevertheless operating with a very small output gap. In other words, demand exceeds supply, so a relatively small reduction in external demand has not been felt in a material way.

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