ASSESSMENTS

The Recession in Russia

Jun 15, 2009 | 11:08 GMT

special series recession revisited

Summary

The economic outlook for Russia appears bleak, and the road to recovery appears to be a long one. Rising unemployment, falling industrial production and the flight of foreign investment have put a dent in Russia's massive currency reserves. However, the Kremlin has reasserted its power over the country and is in prime position to overcome its short-term challenges.

Editor's Note: This is the eighth part in a series on the global recession and signs indicating how and when the economic recovery will — or will not — begin.

Russia faces incredible geographical and economic challenges, but the Kremlin has returned to its natural state -- where the government drives economic activity. ...

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