Investors flee Russia as Morgan Stanley sees market chill

Large investment firms Franklin Templeton and BNP Paribas SA are pulling out of Russia, Bloomberg reports. Investors had been retuning to Russia after its 2014 market slump, but they are now back-pedalling as Russia’s economy appears headed for stagnation. Morgan Stanley economists predict Russia’s economic troubles will linger because oil prices will remain low, and Russia has yet to diversify its economy.


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