You are here

Moscow draws flak for poor handling of economy

Alarm bells are ringing amid rising concern that Putin's government have no clue over how to deal with crisis

Not looking good . . . officials have predicted that Russia's economy will contract by about 5 per cent this year and, as government income shrinks, the overall rate of inflation also looks set to hit around 17 per cent by spring.


FACED with a crippling recession, Russian authorities are coming in for growing criticism from economic insiders concerned over a lack of clear policies to deal with the crisis.

After a year that saw growth slump and the rouble nosedive on the back of falling oil prices and...

Market voices on: