Vladimir Putin is spending big – and making Russia’s economy grow

Acrossing The world worries about the economy. In America and Canada unemployment is rising, while consumer sentiment remains depressed. Europe continues to flirt with recession. Don’t even mention China. However, there is one place where the mood is quite different. Despite harsh sanctions and pariah status, Russia’s economy is growing strongly. It turns out that bacchanalian spending in a time of war really does sap an economy.