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JUST A PEEK...Russia Economy Won't Recover Fully Until 2012

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Russia is emerging from recession but its economy is unlikely to fully recover before 2012, a top minister told parliament on Wednesday. Shuvalov warned against upbeat forecasts that the crisis is over. "No one in the government shares this view," he said. Russian banks are still struggling with losses as rising bad debts threaten their profits, BusinessWeek reports, prompting them to allocate more provisions and hold back on lending.
SOURCE:   BusinessWeek