NEWSWATCH Moscow Times/Sergei Alexashenko: “Russia’s Economy Slows Amid Investment Woes”

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Writing in The Moscow Times, Sergei Alexashenko assesses trends in the Russian economy and some of the factors impacting them.

Russia’s economy is faring poorly …. Gross domestic product has swung back to a level last seen in the first of 2008 and the economy has essentially stagnated over the last seven years. * * * The situation in Russia is not just bad, but downright ugly. The main reason for the poor state of the Russian economy is the lack of an effective system for protecting property rights. The gradual dismantling of state institutions led first to a decline in investments, then to a sharp drop beginning in 2013, and finally to massive capital flight, with economic growth slowing to a halt by mid-2014.

Click here for The Moscow Times/Sergei Alexashenko – “Russia’s Economy Slows Amid Investment Woes”

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