Russian Economy Keeps Growing - Russia Insider

Doing quite nicely, thank you

The narrative in the western media is that Russia's economy is stumbling due to sanctions, but this is incorrect. Russia's economy is actually growing, according to global investment banks. Deutsche Bank predicted 0.5% for the 3rd quarter.

Here's fresh evidence. Russia’s PMI just posted its second gain for 2014 and its third gain in the past 14 months. It should be noted, however, that manufacturing only makes up around 16% of the Russian economy and thus changes in this indicator will not necessarily predict changes in GDP as a whole.

And here is EU PMI by comparison:



Complete story at - Russian Economy Keeps Growing - Russia Insider