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Part of the reason the NDB was set up is that the inflow of investment to the emerging world has underperformed in the last few decades and the investment needs remain enormous.
EBRD research finds that a rapid recovery is not the norm for economies emerging from armed conflicts and few fully recover to their pre-war level of income per capita, even in the long term.
A post-Putin Russia will be a land of blood, toil, tears and sweat, but not of victory or a future. “Après nous, le déluge!” said Madame Pompadour, commenting on problems inherited from Louis XIV that led to the French Revolution.
The Russian labour market has its lowest number of young workers since the early 1990s, with a decrease of 1.3mn employees under the age of 35, according to a FinExpertiza survey, based on RosStat data.
I have been writing that we are facing a period of high inflation since long before it was fashionable. Now I believe that, on the balance of probability, we face an entire decade of high inflation.
Russia is already a mining and minerals titan but as the green and EV revolutions unfold its position will only improve as minerals gradually replace hydrocarbons as Russia’s major exports and give the Kremlin fresh international leverage.
Those who can leave to take a chance abroad, often do. Amid the cost-of-living crunch, things just don’t add up.
Russia is facing a mounting labour crisis as worker shortages grow, sending unemployment to record lows. Emigration is soaring and immigration tumbling.
French President Emmanuel Macron caused a storm with his trip to China in April to meet China’s President Xi Jinping. Macron was lambasted as a “Gaullist” attempting to aggrandise himself on the international stage by playing at peacemaker.
Global investors are “desperate for signs” that Chinese President Xi Jinping and France’s President Emmanuel Macron can improve relations and avoid a hemispheric geopolitical clash as Macron starts a three-day visit to Beijing and Guangzhou.
Every unhappy country is unhappy in its own way.
Mayor says on-demand transport project was very popular but too expensive to run in a rural area.
Moscow’s attempts to stifle internet freedom and further isolate the country from the rest of the world appear to be ramping up in the second year of the full-scale invasion of Ukraine.
Looking forward to the end of the war, whenever it happens, policymakers are already speculating on how many of the refugees and migrants are likely to stay and how many will return.
According to a new survey by the independent institute Levada Center, 75% of Russian said in January that they supported the actions of Russian military forces in Ukraine, Statista reports.
Ukraine was already suffering from a demographic crisis that will take Emerging Europe population levels back to the early 20th century before the war started, but battlefield death, emigration and low birth rates will make it far worse.
Ukraine’s economy has been devastated by the war with Russia and at the start of 2023 the situation has only been getting worse.
The figures are disappointing news for Viktor Orban's government, which has for long deemed halting depopulation a priority.
More than 10 months into the Russian invasion of Ukraine, looking back at 2022, the Kremlin is sparing no effort to at least partially restore the capability of its armed forces, which continue to shrink amidst heavy fighting.