RUSSIA’S PESSIMISTIC PROSPECTS FOR 2019
Unlike the year before, Russia entered 2019 with low expectations and deepening disappointment in its own faltering revival.
In contrast, the World Cup provided a focus for anticipation in 2018, and the presidential elections, pre-determined as the outcome was, raised hopes for increases of pensions and social benefits. Those hopes turned into frustration with the upping of the retirement age by five years.
The smoldering conflict with Ukraine no longer generates any “patriotic” mobilization. Public attention and concerns are currently centered on domestic problems. As many as 57 percent of respondents foresee a probable looming economic crisis, while only 32 percent do not (Levada.ru, December 24, 2018).
President Vladimir Putin still insists on achieving an economic “breakthrough,” but his orders cannot alter the reality of stagnation. Illustratively, the World Bank revised its growth forecast for Russia downward to 1.5 percent; though, even that appears overly optimistic (RBC, January 9, 2019). The bad news doesn’t end there.














