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 Bloomberg analysts gave Putin poor grades assessing his management of economy in crisis

Bloomberg invited economists to assess management of the Russian economy in crisis by President Vladimir Putin, Prime Minister Dmitry Medvedev, government, Finance Ministry and central bank.

Censor.NET reports citing Bloomberg.

President Vladimir Putin scored an F, the lowest possible, from 27 percent of respondents in a Bloomberg survey that invited them to assess his management of the economy in crisis. An additional 50 percent gave him the next two poorest grades, with a single person saying the Russian leader deserved an A, the highest mark. The majority of the 22 economists in the poll rated the central bank a B, which was also the most common grade assigned to the Finance Ministry.

"All the economic miseries are amplified by international sanctions which were brought upon Russia by its foreign policy in Ukraine," said Nerijus Maciulis, chief economist at Swedbank AB in Vilnius, Lithuania. "And the man who presumably orchestrated them deserves only an F."

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путин

Prime Minister Dmitry Medvedev and the rest of the cabinet were each given a C more often than any of the other grades, according to the survey. Putin, meanwhile, ended with the lowest median mark, and the central bank and the Finance Ministry had the highest. The poll asked respondents to grade the performance of Russia's leaders and institutions given the tools at their disposal.

While the central bank, led by Governor Elvira Nabiullina, has struggled to bring down inflation, it won praise from economists for cutting the ruble loose last year and stabilizing the financial system. Finance Minister Anton Siluanov has fought to keep a lid on the budget deficit, warning that Russia may exhaust both of its sovereign wealth funds in 16 months to two years if it continues to rely on the reserves without scaling back spending.

"In general, the central bank and the Finance Ministry were most effective and with realistic expectations," said Gunter Deuber, an analyst with Raiffeisen Bank International AG in Vienna.


 
 
 
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