Concerns about possible stagflation are at their highest since 2008, says the Bank of America A monthly survey by investment bank BoFA Securities has shown that optimism among fund managers over global economic growth has fallen to historic lows. The contraction comes amid concerns about possible stagflation, which is at its highest since August 2008.

Russia needs a new pension reform that would lower the pension age to 45, businessman Oleg Deripaska, founder of aluminum giant Rusal and, for a time in the late 2000s, Russia’s richest man, told the news outlet Expert. He believes the assets of state-owned companies could be used to fund the plan.

Russia has increased export quotas on complex mineral fertilizers to support domestic producers, according to a resolution published on the Cabinet of Ministers website on Sunday. “The current export quotas for Russian producers of mineral fertilizers have been temporarily increased by nearly 700 thousand tons,” the resolution states. The measure will be valid until May 31, 2022.