Russia Will Give Emerging Market Growth a Boost

Growth in emerging-market economies is getting a bit of a tailwind this year from a surprising source: Russia.  While Russia will still be in recession in 2016, the pace of the contraction in its gross domestic product will slow to 0.5 percent from 3.7 percent, according to Alberto Ades, head of global economic research at Bank of America Corp. That will be less of a drag on overall growth in developing nations, which he sees expanding 4.2 percent, after 4 percent growth in 2015.

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