The Economist 20130622 by The Economist Group
Author:The Economist Group
Language: eng
Format: mobi
Tags: news, The Economist
Publisher: Economist
Published: 2013-06-21T04:49:32+00:00
The decision to hold a snap mayoral election in Moscow this September, rather than wait until 2015, suggests the Kremlin does not expect an early economic upturn. Yet Vladislav Inozemtsev of the Centre for Post-Industrial Studies notes that, for Mr Putin’s overall rule, “growth in income is more important than growth in economy itself.” Low debt and high reserves mean the Kremlin could easily finance wage growth. That could stave off political trouble—but do little for the economy.
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