EME Macro/Strategy: Russia – economy and geopolitics, what lies ahead
In 2020, Russia had a GDP contraction significantly below the average of the countries under our coverage. However, base effects are likely to hit in 1Q21E, and we note that the recovery in consumption expenditure could take longer. Going forward, we keep our forecast for 2021E of a 3.9% expansion unchanged.The recovery should be helped by both domestic and external demand, as well as a recovery in commodities.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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