Contact Us

Russia’s Slowing, Sinking Economy

Thought Leader: Ian Bremmer
August 19, 2015
Source: Link

By Ian Bremmer (original source LinkedIn Pulse) 

“You wouldn’t know it from Vladimir Putin’s swagger, but the Russian economy is in dire straits. The country has $360 billion in cash reserves, but unless things change, that cash won’t last. These five stats explain why Russia’s economy is headed for trouble. This piece has been repurposed from my column in TIME.

1. Lack of Diversification

Small and medium-sized enterprises (SMEs) play critical roles in a well-balanced economy. That’s because SMEs spur innovation and new job growth, and they’re nimble enough to adapt to evolving consumer trends. The EU is stagnant, but its SMEs still contribute 40 percent of their respective countries’ GDP. In Russia, that number is closer to 15 percent.”

Click here to read more

Subscribe to the WWSG newsletter.

Check Availability

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Speaker List
Share My List