Russia Macro Monthly December 2018
Optimistic EconMin. The Economy Ministry added more detail to its
optimistic view of the economy in the 2025 to 2036 period. It expects
average GDP growth of 3.0% in the period. But, realistically, this is
unlikely without major reforms. So far, these are stalled.
Economy a little less gloomy. The leading indicator of economic
activity showed growth of 2.5% in October, a strong improvement on
previous months. The PMI manufacturing index also jumped sharply,
so the softness of August and September may be temporary.