Informed people live longer
12 December 2017 18:14 (South Africa)

Russian President says economy will decline 7.5%

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

Dmitry_Medvedev

It was a great “do you want the bad news or the good news first” speech. Russian President Dmitry Medvedev first informed the country the economy sank deeper this year, thanks to global recession and plunging demand for resources. But he also pointed that the decline would have been much more severe had it not been dealt with decisively. And then he closed by bringing good news: resources are on their way back globally, the rouble is stable, economic measures are working and the country should exit recession in the third quarter of this year. Great speech; the near future will show how closely aligned to reality it was.

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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