Oil and Growth

This year has started out with a macro-driven wave of global optimism leading to a rally on financial markets. Because Russia is linked to the rest of the world via external trade and capital flows, global improvement supports Russia’s economy and creates upside risks for the country’s 2012 macroeconomic forecast. However, a couple of months of positive statistics are not enough to form a stable recovery trend. While the US seems to be on the way to a genuine recovery, the situation in Europe remains complicated. Where will the oil price go? OtM is joined by Simon Fentham-Fletcher, Timothy Krause and Vladimir Tikhomirov.

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Interview with Stuart Irvine, Nestle's CEO on Russia becoming Nestle's largest European market by sales.