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Economics

Russia's Economy Is Really Sick, but It's Probably Not Contagious

Russia's Economy Is Really Sick, but It's Probably Not Contagious
Photographer: Scott Eells/Bloomberg

As Moscow takes increasingly desperate measures to stem the collapse of its currency, is it time for the rest of the world to start worrying about Russian contagion?

Even as the ruble strengthened on Wednesday following new government actions to defend it, there were signs of alarm elsewhere: