1 October 2012 Insurance

The wild East

While other economies flounder in economic stagnation and distress, Russia has been left largely unscathed by the financial crisis that crippled so many western economies. Action by the Kremlin, in the form of a large fiscal stimulus, provided emergency support to banks and enterprises, which inspired growth. This work was complemented by social protection measures that prevented a collapse in consumption, according to analysis by the World Bank.

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