Russia Macro Monthly December 2018


Optimistic EconMin. The Economy Ministry added more detail to its optimistic view of the economy in the 2025 to 2036 period. It expects unlikely without major reforms. So far, these are stalled.

Economy a little less gloomy. The leading indicator of economic activity showed growth of 2.5% in October, a strong improvement on previous months. The PMI manufacturing index also jumped sharply, so the softness of August and September may be temporary.