Andrey Rudakov/Bloomberg

Russia’s Mysterious, Unemployment-Light Recession

The reason might lie outside the official labor-market statistics, Capital Economics says

Policy makers in the U.S. and Europe have in the past been vexed by the presence of a “jobless recovery.” Russia is now experiencing something less annoying, but no less puzzling: a recession without unemployment.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.