Market Report, "Russia Information Technology Report Q1 2015", Published
Our outlook for Russian IT market spending growth turned bearish in response to the imposition of sanctions in 2014, which resulted in rouble depreciation and undermined domestic confidence levels. We expect growth to be maintained in local currency terms over the medium term, but the US dollar growth outlook is much weaker. Meanwhile, another area where political factors are contributing to uncertainty is regulation of the internet, which could also result in the industry losing its lustre. Our short-term outlook...
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