Russian economic officials seem to be working to instill a sense of quiet resignation in the population. They readily admit the economy is not in good shape and promise nothing. They habitually talk expectations down, not up. Their favorite debate subject is whether the recession has bottomed out. Their favorite expression is “the new normal” of lower oil prices and sluggish growth.
Get the rest of the story – An Economy That Did Not Want to Grow – The Russia File – August 2016.