Standard & Poor’s upgrades Russia’s outlook. Analysts believe that GDP should increase by 1.6% for the next three years, despite the sanctions imposed by Europe to Moscow to the Ukrainian question. "The exogenous risks for Russia – the note reads – have been reduced significantly in a context in which the economy of the country comes to terms with the double shock linked to lower oil prices and sanctions imposed by the European Union and the United States ".
Standard & Poor’s warned Britain to keep their feet on the ground after the recent positive data on the economy across the Channel because the recovery could be short-lived after the Brexit.
"All the celebrations about the economic rebound in August and that in the end life is back to ‘business as usual’ could turn out to be just a mirage in the long term," the ratings agency said, as reported by the Financial Times online.
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