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Putin Doesn’t Care About Economic Growth

The Russian economy is at a standstill, with GDP growth having averaged just 0.4% annually from 2014 to 2018. And Russia’s economic prospects are unlikely to improve substantially anytime soon, for a simple reason: Putin’s indifference.

MOSCOW – Even Russian President Vladimir Putin’s most loyal followers would have to admit, if only to themselves, that this year’s televised call-in program – an annual event during which he responds to citizens’ questions directly – went worse than ever before. Citizens wanted to know why their lives aren’t improving under Putin, with some even asking when he would leave office. The president’s reassurances were not convincing.

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