Under Putin, Russia is facing a crossroads. It is an historic choice facing the country today. One road can lead to a prosperous country with a first class military, a benign influence on world affairs and a growing economy. Another road can lead to the opposite: an economy declining into poverty, exportation of corruption and violence and an irrelevant military presence. Several trends are leading Russia toward the choice. The financial exploitation of the country by the Oligarchs has forced Russian households to tighten their budgets: '...[while] the economy today shows signs of stability following the financial crisis of 2014-2016....the financial crisis left its mark on Russian households—personal finances are tight and inflation has outpaced income growth. As consumers adjusted over the past decade to that new economic reality, they’ve grown more cautious, pragmatic, and value-conscious.' [https://www.bcg.com/en-us/publications/2018/russian-consumers-new-economic...
Comments
Post a Comment