If the Russian economy failed to show significant growth over the past ten years, during one of the longest periods of prosperity and development of the world economy, when a high tide should raise all boats, but now, at the beginning of or shortly before the inevitable global recession, all hopes for a “breakthrough” look ridiculous.
In such a situation a significant a positive result could give only an economic genius. Which we have not observed as a “quiet Harbor” sheltered from the world’s problems. On the contrary, and sanctions risks, and the inevitable fall of prices for a range of commodities, high and speculative investors, all pointed to a coming storm.
Should buckle up.
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