Capital Outflow Could Surge 42% to Reach $50Bln in 2011

Capital outflows from Russia may surge 42 percent to $50 billion this year as rising imports trim the country’s current account surplus, according to Alfa Bank, the country’s largest private lender. Outflows may be $20 billion in the second quarter after reaching $12.8 billion in April and May, Natalya Orlova and Dmitry Dolgin, analysts at the Moscow-based bank, wrote Thursday in an e-mailed research note. Alfa […]