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Daily Memo: Signs of Economic Growth in Russia
The Russian economy appears to be adapting to Western sanctions.
Adapting. Russia’s purchasing managers’ index increased at its fastest pace in nearly six years, from 50.7 in October to 53.2 in November. (A rating below 50 signifies a contraction.) The growth was driven by new orders and helped spur an increase in employment. Russia’s economy appears to be adapting to the tough Western sanctions regime. […]