(Source: https://massazhnye-kresla.ru/company)

Russia has got ahead of China and ranked second in the ranking of emerging markets prepared by the Bank of America Merrill Lynch (VofAML), as Bloomberg Agency writes. The first place was taken by South Korea, the fourth – by India, followed by Indonesia, Poland, Mexico, Brazil, Turkey and South Africa.

“China is still in the top five by GDP growth, but the country’s indicators of private and public debt, current transactions accounts and reserve adequacy have decreased”- the strategist of VofAML David Hauner said. According to him, Russia is showing a weak economic growth, but the indicators of current transactions accounts, fiscal policy, as well as the level of application of borrowed funds are the most powerful of all.

Russia returned to the top of the ranking after the country’s economy had suffered from the drop in oil prices in 2014, as VofAML noted. The ranking took into account the financial stability indicators: economic growth, inflation, vulnerabilities in the fiscal, foreign trade and banking spheres.

On December 14 the Institute of International Finance published a forecast assuming that the real GDP growth in Russia in 2017 would amount to 1.4 percent in annual terms and a recession of 0.5 percent was expected in 2016. The report notes that the country has overcome the economic slowdown that began in 2014.