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Putin Promised Economic Rebound. Russians Are Still Waiting

  • Government hopes spending will improve performance next year
  • Putin’s target of 3% is still way out of reach, analysts say
Vladimir Putin
Vladimir PutinPhotographer: Andrey Rudakov/Bloomberg
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A year ago, Vladimir Putin said Russia needs an “economic breakthrough,” telling his countrymen in his annual press conference that the outlook was finally turning up.

It didn’t happen.