The ruble’s “ serious weakening ,” as forecast by Russia’s Economy Ministry, may be seriously good for growth. While the authorities in Russia have wavered this year over the benefits and disadvantages to the economy of a strong exchange rate, analysts are coming down on the side of depreciation. A weaker ruble is better for growth in the view of more than half the 19 analysts in a Bloomberg survey . “As Russia is still export-orientated and many of the big corporations have revenues in U.S. dollars, a weaker ruble is favored over a too-strong ruble as it keeps them competitive in what remains their main source of income,” said Christopher Shiells, senior emerging-market analyst at Informa Global Markets in London. Given the ministry’s updated baseline outlook released last week, Russia may get just what it needs to give the economy a pop after almost two years of recession. […]