Nomura Cuts Russia Growth Forecast
- Thursday, August 11, 2011, 22:13
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High oil prices in the first half of the year were not enough to propel Russia’s economy as high as the market hoped, says Tatiana Orlova, a Russia strategist at Nomura in London. In fact, second quarter GDP came in at 3.4% compared to 4.1% in the first quarter, leading Nomura to forecast lower year-end GDP growth for the R in BRICs.
http://www.forbes.com/sites/kenrapoza/2011/08/11/nomura-cuts-russia-growth-forecast/
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