The Great Russian Recession

The Russian Recession has dragged on for 18 months now: Russian Recession

A few significant points:

  1. Economy shrunk 3.7% in 2015
  2. Expected to shrinking 1.2% this year.
  3. Expected to start growing again in 2017.
  4. Russian parliamentary elections are next month. Probably not going to be very earthshaking.
  5. Just for comparison, the “Great Recession” in the U.S. lasted 18 months, started in December 2007 and ended in June 2009.
    1. Or is that 12-months, from Q3 2008 to Q2 2009?
    2. In 2008 it was a 0.3% drop in GDP
    3. In 2009 it was a 2.8% drop in GDP.
    4. In 2010 GDP grew 2.5%
    5. Date source: Annual Growth Data

Not much more to say on this, just kind of waiting to see what happens.

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Christopher A. Lawrence
Christopher A. Lawrence

Christopher A. Lawrence is a professional historian and military analyst. He is the Executive Director and President of The Dupuy Institute, an organization dedicated to scholarly research and objective analysis of historical data related to armed conflict and the resolution of armed conflict. The Dupuy Institute provides independent, historically-based analyses of lessons learned from modern military experience.

Mr. Lawrence was the program manager for the Ardennes Campaign Simulation Data Base, the Kursk Data Base, the Modern Insurgency Spread Sheets and for a number of other smaller combat data bases. He has participated in casualty estimation studies (including estimates for Bosnia and Iraq) and studies of air campaign modeling, enemy prisoner of war capture rates, medium weight armor, urban warfare, situational awareness, counterinsurgency and other subjects for the U.S. Army, the Defense Department, the Joint Staff and the U.S. Air Force. He has also directed a number of studies related to the military impact of banning antipersonnel mines for the Joint Staff, Los Alamos National Laboratories and the Vietnam Veterans of American Foundation.

His published works include papers and monographs for the Congressional Office of Technology Assessment and the Vietnam Veterans of American Foundation, in addition to over 40 articles written for limited-distribution newsletters and over 60 analytical reports prepared for the Defense Department. He is the author of Kursk: The Battle of Prokhorovka (Aberdeen Books, Sheridan, CO., 2015), America’s Modern Wars: Understanding Iraq, Afghanistan and Vietnam (Casemate Publishers, Philadelphia & Oxford, 2015), War by Numbers: Understanding Conventional Combat (Potomac Books, Lincoln, NE., 2017) and The Battle of Prokhorovka (Stackpole Books, Guilford, CT., 2019)

Mr. Lawrence lives in northern Virginia, near Washington, D.C., with his wife and son.

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