Wednesday, March 8, 2017
Russia Has Exited The Recession
Anna Andrianova, Bloomberg: Russia Is Running on More Than Just the Black Stuff
The world's largest energy producer is out of its longest recession in two decades
Russia has exited recession, with a little help from the boys in uniform, a major statistical revision – and the global oil price. And not just any recession, but its longest in two decades. So what happened?
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WNU Editor: Bloomberg is behind by a few months .... I noticed this trend last year and I have more than once commented that the economy (via through low taxes and the elimination of a lot of government paperwork in running a business) is booming .... The Russian Stock Market Is Booming (December 18, 2017). Now if sanctions were gone .... the economy would be churning at 4% or 5% .... which is Russian President Putin's goal (the end of sanctions) for this year because he goes to the polls next year.