Russia Recession Risk Seen Rising on Sanctions - Bloomberg

Russia Recession Risk Seen Rising on Sanctions - Bloomberg:



"Russia faces a fifty-fifty chance of recession, the highest since Bloomberg started to track the measure, as the crisis in Ukraine raises the risk of further sanctions, according to a survey of economists.



The probability of a recession over the next 12 months rose to 50 percent, the highest since the first such Bloomberg survey in June 2012, according to the median estimate of eight economists surveyed before the U.S. and the European Union announced their latest salvo of sanctions yesterday. The gauge was at 45 percent last month.



Russia’s annexation of Crimea a month ago prompted the U.S. and EU sanctions, threatening to tip the $2 trillion dollar economy into a recession. Capital outflow amounted to $50.6 billion in the first three months of 2014 from $27.5 billion a year earlier. That compares with $63 billion in all of 2013."



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