Economics was once reputed to be the dismal science. To the Kremlin it must indeed seem so. President Putin's troubles abroad, the payback for militarising foreign policy, are to be compounded by a slowdown in the economy to a degree not experienced for a decade. Gross domestic product in the last quarter grew at an … Continue reading Russia Faces a Slump
Month: May 2019
Putin’s Predicament
It is an old English joke that a traveller in Ireland asks someone on the road how to reach his destination and the Irishman responds "I wouldn't start from here." Well, generally speaking, one has no choice. And this is certainly the case with a statesman who has been in power long enough so that … Continue reading Putin’s Predicament