Russian Debt To GDP Could Explode To 80% This Year: Credit Suisse

Credit Suisse doesn’t expect catastrophe to strike the Russian economy, but they recommend keeping an eye on these three factors

Even as the rouble continues to deteriorate and the fighting in Ukraine looks like it may become a modern proxy war, Credit Suisse analysts argue that the most likely outcome is two years of recession while Russia adapts to cheap oil. But for anyone invested in or otherwise exposed to the Russian economy, there are three key risks to keep an eye on: the rundown of hard currency reserves, the ratio of external debt to GDP, and the stability of Russia’s banking sector.

Russian economy - Credit Suisse...

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