The Wall Street bank predicts only a moderate recession due to sanctions Russia's economy is coping better with Ukraine-related Western sanctions than could be expected, JPMorgan Chase said in a note to clients dated last week and made public on Monday. According to the biggest US investment bank, business sentiment surveys from the country “are signaling a not very deep recession in Russia, and therefore imply upside risks to our growth forecasts.” It also cited high-frequency indicators such as electricity consumption and financial flows, which signal that the economy is in better shape than predicted. “The data
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