The Global Economic Slowdown Could Test Putin’s Long Game: Chart

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Russia’s economy should gather momentum into 2020, but growth will remain frustratingly slow, according to Bloomberg Economics. For now, President Vladimir Putin is focused on long-run stability rather than a fleeting boost -- he has only mild stimulus on order. At current prices, the government is set to divert more than $40 billion in energy revenue each year into its rainy-day fund. Tapping those savings could offset weakness in demand but deepen the economy’s dependence on oil and gas.

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