The Worst Might Be Over For Russia's Labor Market

Perhaps unsurprisingly, the economic headlines out of Russia haven't been great recently. Predictions of 2016 GDP growth have been revised downwards, and at current oil prices the economy might not come out of recession until 2017 or 2018. The government also recently announced that it was mulling a enormous tax increase on the critically important oil industry. This tax proposal was so huge in scale and so likely to cripple oil producers that it has sparked renewed debates about the country's...