Russian Business Pessimism Hits Record High as 83 Percent Expect Economic Slump

Russian Business Pessimism Hits Record High as 83 Percent Expect Economic Slump

Russian entrepreneurs are increasingly pessimistic about the future of the economy as 83.3% of companies expect conditions to worsen over the next year, The Moscow Times reported on March 20. A recent survey by the Center for Strategic Research (CSR) revealed a sharp rise in negative sentiment, with three-quarters of respondents also predicting a decline in their own company’s performance. The crisis is being driven by a surge in non-payments, w…