Wednesday, June 01, 2016

Downward drift in Russian economy appear to continue

Here is an interesting economic report on Russian federal budget.  I think it explains what Putin is up against and some practical limits on tertiary activities like the Syria campaign. Note Russian economy especially manufacturing continues on downward drift as budget deficit will require a mid-year spending correction downward again.  Automobile sales at 10 year low.

http://imrussia.org/en/analysis/economy/2562-sergey-aleksashenko-no-good-news-for-russia%E2%80%99s-federal-budget,-but-the-government%E2%80%99s-in-no-hurry

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