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Focus Turns to Data as March Numbers Reflect Economic Impact of the Ukraine Crisis

RUSSIA
  • Default risks also remain elevated with D-day on a default on 4 May. However, any broader global contagion is unlikely.
  • Retail sales, Industrial production & w/w CPI will be eyed this week as March data reflects the growing economic impact of the crisis.
  • W/w CPI has moderated sharply since the start of April – printing at 0.2% last week in signs of falling domestic demand and easing expectations.
  • On the conflict front, Donbas & Luhansk are the key focal points with Putin showing few signs of de-escalation and talks mostly stalled as the West provides additional military support to Ukraine.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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