Russian boom ends as resource wealth vanishes - Kurz měny ruský rubl

http://www.marketwatch.com/news/story/Russia-goes-splash-crash-commodities/story.aspx?guid=%7B8721A3D2%2D2BCD%2D4147%2D8A70%2D5DA0FC240FEA%7D

Russia's economy is expected to contract by at least 2% in 2009 after growing at an average rate of 7% in recent years. Stocks have fallen 18% this year, after losing three-quarters of their value last year, cementing Russia's place as one of the worst performing emerging markets. The ruble has lost nearly a third against the U.S. dollar since July. "We're quite worried about the macroeconomic picture in Russia," said Lars Christensen, chief analyst at Denmark's Danske Bank. .....The commodities collapse is starting to hurt ordinary Russians. The unemployment rate jumped to 8.1% last month, with 6.1 million Russians currently out of work. Overdue wages increased by 50% in January compared to December