GS: How To Play Russia’s Comeback

When the price of oil collapsed back in 2014, Russia was one of the major casualties and investors feared that the country might be heading toward economic collapse as incomes fell, the rouble collapsed, GDP contracted, and inflation skyrocketed. But nearly two years on and it seems as if Russia is finally starting to recover from its economic malaise. GS: Russia is recovering  A recent report from Goldman Sachs’ equity research department, notes that over the past 24 months Russia’s economy has undergone a significant transition. While in the 2009 downturn, the government used FX reserves to support the currency…