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Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Expected Resurgence of Russia in 2017

December, 27 2016
watermark Economic news

After years of recession, Russia is about to come back for next year. Although it does not mean performance in the stock market that has already increased by 40% to the present. The Russian Finance Minister said that the economy will grow by 1.5% from a -3% advancement in the past two years.

Investors also strive for a removal of sanctions in 2017 concerning oil and gas after a certain company lost $1 billion due to Russian penalties. The GDP for 2016 is projected to position at -0.5% which an improvement than the predicted -0.6% according to the Ministry of Economic Development. Nonetheless, this year will not close positively but a promising start in 2017 after getting behind for 2 years.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.