Russian economy headed for trouble
Russia’s economy is reeling from the effect of a sharp fall in the price of oil. The ruble has lost more than a third of its value since August, inflation is about 13 percent a year and the 2009 budget is expected to slip into deficit for the first time in about a decade. The Kremlin is now reportedly worried about social unrest. Has Vladimir Putin’s star fallen? For more, we’re talking to Steven Eke, Russia analyst for our partner, the BBC.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!