This is not a comforting picture. All of which makes Russia's posturing a full bluff.
Worse than that we get no obvious sense of wealth creation. Mortgage lending is still in its early stages and represents about five percent of activity as compared to sixty percent elsewhere.
however we do get a sense of a now stable economy working its way forward and we can expect developed status to be reached in thirty years..
Something Rotten in the State of Russia?
Feb 13, 2017