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Russia Stimulus Seen Falling Short Despite $123 Billion Plan

  • Government was ordered to increase stimulus after criticism
  • Analysts question government’s estimates of size of spending
Russian Rubles At A Sberbank Currency Exchange

Photographer: Andrey Rudakov/Bloomberg

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Facing the worst recession in more than a decade, Vladimir Putin plans to roll out a spending plan to rival stimulus packages in other major economies.

The Russian president’s government says the plan envisions support equivalent to a 10th of annual economic output. But analysts from Bloomberg Economics and some of Wall Street’s biggest banks say the level is actually much smaller.