| From IPE: Investors should avoid Russia as a potential area of growth as its property markets will be the hardest hit if the world’s largest country is drawn to the impending global recession, JP Morgan Chase has claimed.
The warning comes as several property companies across Moscow and Russia saw their share values sink to record lows recently, and experts are predicting there could be worse to come. JP Morgan said property development companies in Russia could see their already stretched finances suffer if global economic contracts dry up, causing the Russian economy – as one the world’s most rapidly expanding developing nations – to slow to 4.5%..... Full Article: Source
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