Related Articles
In depth
Forward article link
Share PDF with colleagues

Russia's economy off the floor, just

The country seems to have seen off the worst. But the recovery will be weak and come from a low base

RUSSIA'S economy has been wounded and looks anaemic after the triple hit of the collapse in oil prices, international sanctions and the subsequent ruble devaluation. But the Kremlin has nursed the decline with sound macro management, tapping its large currency reserves. The patient may emerge from a two-year recession next year. Russia’s ability to survive the pain of sanctions, which has severely limited its access to international capital markets, has been boosted this year by the better-than-expected oil price. The country, which generates about a third of its budget revenue from oil and natural gas exports, is expected to post a 0.6% contraction in GDP this year, compared with a 3.7% co

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad