Putin’s Fear of Unemployment Is Being Exposed by the Pandemic - Bloomberg
Elena, a 42 year-old Moscow shop assistant, has a family to feed, a mortgage to pay, and half the income she was receiving a month ago. She can’t apply for support because she hasn’t lost her job, but Russia’s labor laws make it almost impossible for her employer to make her redundant.
...The economy is expected to contract by as much as 6% this year.
...“One of the biggest losers of this crisis will be the middle classes,” ....That will sharply reduce the innovative capacity of the economy, its flexibility and potential to grow.”
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