Things should be pretty rosy now in Russia. While commodity prices are not rising, they are still high. Sovereign debt is low – about 10 per cent of gross domestic product – and the budget is balanced. Its sovereign wealth funds are a healthy size and there is no political instability. There are clear investment opportunities. So why does Russian growth seem to be running out of steam?
俄羅斯當前的情況按說不錯。儘管大宗商品價格不再上漲,但仍處於高位。主權債務不多(大約爲GDP的10%),預算處於平衡狀態。俄羅斯主權財富基金規模合理,政治穩定。俄羅斯也存在明顯的投資機會。那麼,爲什麼俄羅斯經濟成長似乎正喪失動力?
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