Friday, August 13, 2010

Russian Consumers Seen As a Bright Spot For U.S. Companies

The Russian consumer has emerged as one bright spot in second-quarter earnings reports of the largest U.S. multinational companies, including PepsiCo, McDonald's and Coca Cola. Russia is the largest consumer goods market in Europe, and recent economic data suggests that Russian consumers have put the financial crisis behind them and have resumed spending, even as consumer spending in the U.S., U.K. and every other Western country remains muted compared to the pre-crisis period.

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