Economist points to downside of strong ruble ...News

Russia Today - Economy
Economist points to downside of strong ruble
source : Russia Today ( News ) () 7
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

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