Sberbank says Russia doing better than other emerging markets | EmergingMarkets.me:
"At a time when few analysts are upbeat about the current state of Russia’s economy, Sberbank has released a research piece arguing that the country has a set of major advantages over other emerging markets.
“Russia enjoys a current account surplus, is close to fiscal breakeven, and has a flexible currency, limited debt levels, and significant foreign reserves,” Kingsmill Bond, chief strategist at Sberbank-CIB, the investment arm of Russia’s biggest lender, and his colleagues Andrey Kuznetsov and Iskander Abdullaev say in their study.
“We believe the Russian market is more attractive … than markets with twin deficits like Turkey, markets which have early stage commodity dependency like Brazil, or markets with major debt deleveraging issues,” they say."
'via Blog this'
No comments:
Post a Comment