Global Investing

Russians and the city: consumer led growth

June 11, 2013

Speculation is growing that new central bank governor Elvira Nabiullina will cut rates to help stimulate faltering growth soon after takes up her job later this month, but the resilience of the Russian consumer may be another important factor in giving the economy a lift.

Correlations between downturn and long salon queues

December 1, 2011

Who said cosmetics are recession-proof and would be the last to be hit in the economic downturn? (I, at least, thought so.)