(EnergyAsia, December 21 2010, Tuesday) — Russia needs to cut government spending and raise interest rates now or risk stagnant growth and accelerating inflation in the coming years, the International Monetary Fund (IMF) has warned. The IMF is urging the government to cut its budget deficit more aggressively than currently planned. The IMF has forecast…
RUSSIA: IMF says government must cut spending, Central Bank must raise rates
Posted on December 20, 2010 by EnergyAsia