Ministry of Stagnation


October 24, 2016 by AK

Last week, Reuters reported, citing Vedomosti (sorry for the tabloid link):

The Ministry of Economic Development believes that economic stagnation could last for the next 20 years. The economy will grow by an average of 2 percent a year till 2035, the newspaper cites the ministry as saying.

Some Russian wits have already suggested that the ministry be renamed the Ministry of Economic Stagnation.


  1. […] Russian observer has remarked, the Kremlin may very well be comfortable with the long-term stagnation scenario precisely because it envisages nothing happening at all – no tectonic shifts, no […]

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