The I.M.F.'s Data Disagree With the NYT on the State of Russia's Economy

The NYT headlined a piece on the dismal state of Russia's economy, "Russia economy worsens even before sanctions hit." The piece goes on to describe an economy in decline telling readers about Russians moving abroad and storing cash in safe deposit boxes and foreign currencies. It reports:

"Russia’s $2 trillion economy was suffering from stagflation, that toxic mix of stagnant growth and high inflation typically accompanied by a spike in unemployment. In Russia, joblessness remains low, but o...