September 1, 2013
Russia's Looming Economic Crisis
Aleksander Zotin, Worldcrunch
Nobody knows whether, or when, the global economy will suffer another body blow, but what is clear is that while Russia was relatively well-prepared for the 2008 crisis, we don’t have the same safety cushion today. Instead of a surplus, we have a deficit, and the non-oil and gas deficit is exceptionally high, with experts predicting that said deficit will be 10.7% of GDP this year.
TAGGED: Vladimir Putin, Russia