Russia, China, and Saudi Arabia: America’s List of Major Adversaries is Growing
Fareed Zakaria GPS
00:00
Russia's Exports Have Falled, but They're Holding Up Better Than Expect
The IMF had predicted that Russia's economy would contract by about 8.5 percent this year. It has since revised its forecast to only 3.4 percent. Among the worst affected sectors have been cars, trucks, locomotives, and fiber optic cables. The biggest explanation by far is that Russia is a resource economy.
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