Russia Cuts Growth and Inflation Forecasts

Russia’s Economy Ministry has raised its 2014 inflation forecast to 7-7.5 percent from 6 percent, Deputy Economy Minister Alexei Vedev told a briefing on Tuesday.

The ministry left its 2014 gross domestic product (GDP) growth forecast unchanged at 0.5 percent, while cutting the growth forecast for 2015 to 1 percent from 2 percent, Vedev said.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza