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SPECIAL REPORT / PUTIN HAS FAILED ON RUSSIA’S ECONOMY

a research by Stefano Francesco Fugazzi (ABC Economics) – Vladimir Putin joined President Boris Yeltsin’s administration in 1996 where he rose quickly, becoming Acting President on 31 December 1999 when Yeltsin unexpectedly resigned. Putin won the subsequent 2000 presidential elections.

Hereafter our ABC Economics infographic (based on the latest International Monetary Fund data – incl. their 2015 projections) pictures the evolution of Russia’s key macroeconomic metrics under President Vladimir Putin.

KEY FACTS

  • Amid geopolitical crisis in the Middle East and declining oil prices, Russia’s GDP is declining.
  • As a result, the volume of exports of goods and services has significantly deteriorated in recent months.
  • Notwithstanding the recent oil and geopolitical instabilities, the volume of imports of goods and services has declined since 2010 whilst exports have remained steady.
  • Gross national savings (expressed in % of GDP) have deteriorated since Putin’s rise to power in 1999.
  • Total investments  (expressed in % of GDP) have declined since 2011.
  • Although Russia’s inflation has significantly moderated in the aftermath of the late-1990s crisis, it has increased in recent months to a 13-year high.
  • Under Putin‘s reign no significant gains were made in terms of employment rate.

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