The Russian currency’s strength may negatively affect other sectors of the economy The combination of a strong ruble and high oil prices will temporarily tame inflation, however, it also could accelerate consumer prices in the future, according to Doctor of Economics Denis Domashchenko, as quoted by the Russian business daily RBC. The analyst warns that the dominance of energy sector revenues along with a firm national currency may evoke the so-called ‘Dutch disease’. In economics, the ‘Dutch disease’ is the seemingly causal relationship between the increase in economic development of a specific sector and a decli
Hence then, the article about economist points to downside of strong ruble was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Economist points to downside of strong ruble )