Russian GDP is still expected to be -6% this year by the latest estimate, though it was originally projected to be much worse, as high gas prices compensated for a lot of the losses. Oil prices have already been falling, so if that continues the outlook will be revised downward again.
Saying "Putin is stronger than ever" is just laughable, though.
Russian GDP is still expected to be -6% this year by the latest estimate, though it was originally projected to be much worse, as high gas prices compensated for a lot of the losses. Oil prices have already been falling, so if that continues the outlook will be revised downward again.
Saying "Putin is stronger than ever" is just laughable, though.