High employment and low wages will curb Russian growth

Low unemployment in Russia is not a sign of resilience in the face of sanctions but a matter for considerable concern

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In this article

  • High-employment, low-wage economy
  • Consequences for growth
  • Impact on productivity
  • Impact of Ukraine war
  • Labour market disparities
  • Outlook

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.