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Russia’s Economy Narrowly Avoids Technical Recession as War Strains Mount
9 Articles
9 Articles
ledauphine.com
Russian growth is in the dark and the country suffers because of Western sanctions and the fall in oil revenues. The priority given to the defence industry, which is in full swing, is to the detriment of the rest of the economy, which is in great difficulty.
Russia’s economy narrowly avoids technical recession as war strains mount
The slowdown in GDP growth in Russia to 1.1% year on year in the second quarter suggests the economy may have narrowly avoided a technical recession, but “the economy is clearly struggling amidst imbalances that have built up due to the war."
Moscow announced that discussions with the Trump administration in Alaska would also focus on "an exchange of views on the future development of bilateral cooperation, including in the commercial and economic fields." More than three years after the start of the large-scale invasion of Ukraine, the Russian economy is showing increasing signs of fragility. According to preliminary data published on Wednesday by the Federal Statistical Service, Ru…
Exposing the Cracks at the Heart of Putin’s War Economy - InsideBusiness - Business News in Nigeria
Growth in the Russian economy is stalling. Oil revenues have slumped. The budget deficit has widened to the largest in more than three decades. Inflation and interest rates remain painfully high. Behind the walls of the country’s banks, some insiders are sounding alarms about a looming debt crisis. That’s the tense backdrop against which Russian President Vladimir Putin — who has sought to turn the country’s financial system into a war machine …
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