5min chapter

Fareed Zakaria GPS cover image

The Chinese balloon; an economic soft landing; and Ukraine’s hopes of retaking Crimea

Fareed Zakaria GPS

CHAPTER

Is There a Crisis in the Russian Economy?

Larry Summers: "I'm more worried about the consequences of cowtowing to terrorists or setting precedence for completely out of scope, executive actions" The IMF projection on the Russian economy doesn't sound like it's going to do that badly. He says sanctions have been more leaky in porous than they should have been because of exceptions granted to commercial interests in the West.

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