Russia: Coming Trade Deficit May Force Real Reforms

Russian leaders may be hoping that President Vladimir Putin's 60th birthday celebrations last week overshadowed announcements made by the Central Bank of Russia that left little room for optimism about Russia’s economic outlook. In its forecasts for the next three years, the bank revealed that it expects Russia's export surplus to be reversed by the year 2015, an occurrence that will mark a sudden reversal of fortune for Russia’s economy.

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