Merril Lynch upgrades Russian economy 2014 forecast

Russian economy 2014 forecast: Merrill Lynch’s growth estimate for the Russian economy has risen from 1.5% to 2.1% in the wake of Gazprom’s giant 30-year gas deal with China. It also cited other Chinese investments in Russia’s Far East and an increase in public expenditure stemming from the integration of Crimea as reasons for the upgrade.