Tense game of rouble roulette
In the long run, an economic crisis in Russia is a lose-lose proposition for all involved
Less than a month ago, Russian economic data posted surprisingly positive results. Growth was running at 0.7 per cent year on year in the third quarter of 2014, more than doubling the consensus forecasts, and only a notch down from the 0.8 per cent expansion recorded in the second quarter. The exchange rate for the rouble stood at 56.58 vis-à-vis the euro and 45.58 vis-à-vis the dollar. Growth outlook for 2015 was a rosy 1.2...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures