Vladimir Putin’s Russia is looking more and more like the sclerotic and stagnant Soviet Union of the Leonid Brezhnev era.

After more than two years of economic contraction, Russia seems to have achieved some semblance of stability.Though economic growth is expected to reach only about 1 per cent in 2017, the fear of economic destabilisation that has permeated the country since its 2014 invasion of C

Ukraine’s immediate economic crisis has been resolved, but its economy remains fragile and still needs international support.If the new Ukrainian government becomes complacent, the country’s gains could be lost.Ukraine has come a long way since the 2013-2014 “Euromaidan” uprising

In July, the International Monetary Fund’s Independent Evaluation Office released a major report on how the fund handled the euro crisis after 2010.The IEO report is critical of fund behaviour, but, as with previous IMF self-evaluations, it misses many substantive issues.Specific

It is time to put the rise of the emerging economies in perspective. The rapid economic growth in much of the developing world since the beginning of the century was fuelled by a commodity boom and an overextension of credit.But because the emerging-market boom was not accom

As 2014 came to a close, an enormous financial crisis erupted in Russia.