In 2020, Russia's Biggest Enemy Will Be Its Own Economic Stagnation
Dec 2, 2019 | 10:00 GMT
Russian 1,000-ruble banknotes are printed at the Moscow Printing Factory owned by Goznak. After an economic crisis from 2014 to 2017, Russia has pulled itself out of recession but still hasn't moved beyond economic stagnation.
(ARTYOM GEODAKYAN/TASS via Getty Images)
In 2020, Russia's internal focus will be its economic performance, as President Vladimir Putin's United Russia party strives to avoid challengers in upcoming elections in 2021 and 2024. Under economic stagnation, limited purchasing power has threatened the living standards of the Russian electorate and risks invigorating political opposition. Russia has launched numerous initiatives to reignite its economic growth, but the country is under significant external pressure and facing internal bureaucratic and systemic economic challenges, so their intended effects are not guaranteed....