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Tag: BRIC

March 29, 2011 Tag: BRIC

FTMDaily News Update – What’s Behind Russia’s Dramatic Economic Rise?

In 2010, the Russian MICEX Index has returned over 22%. And now in 2011, the index is already up 15%.

(In contrast, China is up only 5% so far this year. Brazil is down around 2% for the year while India has lost 10% so this year.)

So what’s behind Russia’s recent and dramatic rise?