#Russia’s New Stagnation - In early November, the Russian government released its latest macroeconomic forecast. It could not have been an easy decision: Whereas President Vladimir Putin and his government campaigned in 2012 on a promise that the Russian economy would grow at 5-6% per year during his six-year term, the growth rate is now expected to average just 2.8% from 2013 to 2020.

http://www.project-syndicate.org/commentary/sergei-guriev-examines-the-implications-of-the-russian-government-s-downbeat-economic-forecast