Scenarios for Russia’s Economic Future

Lesson Brief BBC Russian
As Russia looks forward to 2015, the economic outlook of the country is not an optimistic one. A falling GDP, rising inflation, as well as increased bankruptcy and unemployment will be unavoidable, according to several professors from Moscow's Higher School of Economics. While the Russian government maintains the position that oil prices will not continue to fall and that the ruble will maintain a constant rate of 51 against the American dollar, other opinions are not so optimistic, stating that Russia is on the verge of a major three year recession that will include, among other things, a continuously declining ruble.
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