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Die Welt: world’s leading banks predict a good year for Russia

Die Welt: world’s leading banks predict a good year for Russia

The Russian economy is gradually emerging from its protracted recession: stock indexes are on the rise and macroeconomic indicators are returning to their pre-crisis levels, according to Die Welt columnist Edward Steiner

The Russian stock market has demonstrated strong growth over the last few months. Moreover, the MICEX index has reached its highest level over the entire history of exchange trading.

Once again investors are tracking the stock prices of Russian companies with interest. This is despite the fact that the trend for emerging markets remains negative on the whole: major investors are pulling out their capital as they anticipate the U.S. Federal Reserve to increase interest rates soon. Russia is “the only exception to the rule”, Steiner writes.

According to forecasts by leading foreign banks, funds that focus on Russian assets will be “particularly attractive” for foreign investors in 2017.

Morgan Stanley has prepared a scenario for the development of the Russian economy by calculating potential benefits from the lifting of sanctions. Analysts note that capital inflow will increase in the near future and the rouble will continue to strengthen.

HSBC also has a positive outlook on Russia’s economic prospects, while experts do not view the lifting of sanctions as a critical factor for growth.

The columnist writes that the primary beneficiaries of the upcoming investment boom will be major Russian companies such as X5 Retail Group, Rosneft, Sberbank and Tinkoff Bank, among others.

Source: ria.ru/economy

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