Browsing documents with the theme of Financial Services
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Russia Macro Monthly September 2018
2019 downgrades … Both the Economy Ministry and the Central Bank have cut their GDP forecasts and raised inflation expectations for 2019. But both see the dip as temporary and expect a much better performance from 2020.
… but 2018 growth picture looks marginally better. Both PMI indicators rebounded in August, as did the government’s index of leading indicators for GDP. 2Q18 GDP was reported at 1.9%.
Russia Macro: Is Moscow facing a winter of “content”? – October 2017
Another good month. GDP growth was 2.3% in August, up from 1.8% in July. This came from good performances in industry and agriculture, and continuing recovery in the consumer sector. Construction is also strong, up 6.1% in August.
Russia Insurance Sector – continuing improvements
Opportunities for informed investors exist in the Russian insurance market. Our core argument remains valid: in our report of July 2016, we argued that, there were now clear signs that it was worth taking another look at the insurance market. The positive trends we identified have continued into 2017 and there will be opportunities for well-informed investors. Time to develop a market entry strategy? Current economic conditions are improving and the insurance market is in a much better shape than during the last major entry of international capital into the Russian market in the early part of this century.