New Market Report: Financial Cards and Payments in Russia
Despite strong growth over the review period, the credit market in Russia is expected to feel the effects of a less certain economic outlook. The Russian economy entered 2013 on a positive note with high consumer confidence; however, activity then began to slow down. This was strongly influenced by waning demand from Europe for commodities, slowing growth in China and sluggish economic activity globally. In this climate, both the government and banks had increasing concerns about the stability...
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