«Combined» crisis in Russia

TERRA ECONOMICUS, , Vol. 12 (no. 3),
p. 48-56

The author gives his vision of the situation in the Russian economy, taking in regard concept of balances recession proposed by Japanese researcher Richard Ku in the past decade, denoting this as the «combined» crisis. It is a crisis that combines features of the great Japanese recession 1995–2005, as well as recessions in U.S. and UK in last century. The author gives pessimistic view on the current state of Russian economy, based on analytical materials of the Higher School of Economics, Gaidar’s Institute and Raiffeisenbank.

Keywords: recession; economic development; global financial crisis

Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606