Russia’s rocky recovery is likely to be short-lived

Russia’s economy surprised analysts by growing at its fastest pace in six years in 2018. But investors shouldn’t get too excited.

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Russia's growth rate will slip soon
(Image credit: oversnap)

Russia's economy surprised analysts by growing at its fastest pace in six years in 2018: GDP growth strengthened to 2.3%, its highest level since 2012, outstripping expectations.But investors shouldn't gettoo excited.This pace of growth is likely to be due to "one-off factors", says Anna Andrianova on Bloomberg. These include the $27bn Yamal gas project, and the fact that last year's football World Cup boosted the country's restaurant and hotels sector, which expanded by 6.1%.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.