Potential growth is between 4 percent and 5 percent, and the central bank may help by easing monetary policy, according to Klepach. Even so, Russiaâs economy had a âvery respectableâ showing last year, said Ivan Tchakarov, chief economist for Russia at Renaissance Capital in Moscow.DP probably expanded 2.4 percent in the final three months of last year compared with the same period a year earlier, according to the median of 17 estimates in a Bloomberg survey. Growth reached an estimated 2.2 percent, Klepach said.
Broker means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others. Each country and state has its own broker regulations. Broker usually acts as a liaison between a buyer and a seller, whether it is a house, an insurance policy or a business purchase. All states require a broker to be a licensed professional. To obtain a license a potential broker must pass a written test. A broker owes a fiduciary duty to the owner/or buyer to act according to the owner's/buyer's instructions, and in the best interest of the owner, notwithstanding the manner in which the broker is compensated.
A broker can either be an individual licensed agent or a brokerage firm like Merrill Lynch, Smith Barney or Charles Schwab. The most basic function of a broker is to execute trades for the investor, but many brokers offer additional services like investment advice and portfolio management. Brokers make money by charging commissions on each trade and collecting fees from investors.