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Amanda Anna G

MyRecordJournal.com | Meriden, CT | Moscow-led trade bloc begins in troubled times - 0 views

www.myrecordjournal.com/...-begins-in-troubled-times.html

trade-bloc

shared by Amanda Anna G on 07 Jan 15 - No Cached
  • Moscow-led trade bloc begins in troubled times
  • MOSCOW — The Eurasian Economic Union, a trade bloc of former Soviet states, expanded to four nations Friday when Armenia formally joined, a day after the union between Russia, Belarus and Kazakhstan began. The Russian-dominated bloc has been politically controversial and its early days are being overshadowed by the sharp deterioration of Russia’s economy in recent months.
  • Amanda Anna G on 07 Jan 15
     
    This article is about the Russian-dominating bloc, and how it affects trade and economies. 
Haydn W

Ukraine Uncertainty Depressing Growth and Investment | The Moscow Times - 5 views

www.themoscowtimes.com/...495734.html

Macroeconomic Activity Moscow Times Ukraine Russia

shared by Haydn W on 08 Mar 14 - No Cached
  • As world leaders increase or trash their political clout depending on their audience and the statements they make about the situation in the Ukraine, some analysts were revising Russian GDP growth estimates to as low as 1.1 percent for the year.
  • Wednesday was a calmer day on the stock markets, following a dip of 10.8 percent Monday morning that vaporized near $60 billion of valuation from Russian companies.
  • Although Russia has seen some short-term budget benefits from ruble devaluation and increasing oil prices, the current impasse is not helping to fight stagnation or attract investment.
  • ...6 more annotations...
  • The ruble strengthened slightly to 36 against the dollar and 49.4 against the euro Wednesday evening. This was well above the lows reached on Monday
  • Tightening fiscal policy was topped by possibly impending U.S. sanctions, including economic ones, followed by President Vladimir Putin's claims that Russia may use force in Ukraine if necessary.
  • The heap of these latest events has caused some analysts to revise their overall economy forecasts.
  • PSB Research said Wednesday it would decrease its initially modest GDP growth estimates for the year from the range of 1.5 to 1.8 percent to 1.1 to 1.3 percent.
  • Political standoff will also further stimulate the outflow of capital, Fedotkova said, as investors are reluctant to channel their money into the country that may be possibly involved in any kind of military activity
  • As for businesses, a recent survey done by the Gaidar Institute suggests that more than a third of CEOs and owners of private companies would consider investing in production this year if the price for equipment went down and if the macroeconomic outlook were more certain, Vedomosti reported Monday. At the same time macroeconomic uncertainty was a headache for only 10 percent of surveyed state-controlled companies. No margin of error was given for the survey.
  • Haydn W on 08 Mar 14
     
    This article explains how the recent stand-off crisis in Ukraine is having a negative effect on the Russian economy, with the Rouble taking a further fall and GDP growth estimates being revised downwards. Predictably sanctions imposed by the west on Russia in response to the occupation of Crimea, an autonomous region of Ukraine populated largely by ethnic Russians, have affected businesses in Russia. We learn from the article that some $60 billion valuation has been lost by Russian companies in light of the tensions. This article relates to the macroeconomic concept of circular flow being a complex process with international trade and governments being involved majorly in proceedings.
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