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The Russian economic outlook: Chris Weafer, Uralsib

Published: 18 August, 2009, 16:30
Edited: 18 August, 2009, 16:30


The most recent economic data in Russia gives hope that the economy may be past its worst, with industrial output declining more slowly in July.

Investment and retail sales saw a similar pattern, after last week's GDP figures showed a jump of more than 7 % between the first and second quarters.

Business RT spoke with Chris Weafer, Chief Strategist with Uralsib, about the outlook for the Russian economy.