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Interesting though again you can find differing views. I dont pay so much attention to finance however I do listen to a guy who writes as Joebloggs on youtube. He released one today saying Russia's economy is crashing. Worth comparing.I was having a wee look at Russia's economy. Contrary to what the MSM seem to be saying it looks like Russia is no as bad as we are told.....
Six months into the war, what is the state of Russia's economy?
Russia's economy is in better shape than many forecast after Moscow sent its forces into Ukraine six months ago, but some hardships are emerging for some Russians.
After predicting at one point that the economy would shrink by 12% this year, the economy ministry is now predicting a 4,2% contraction.
President Putin has ordered a 10% rise in pensions and the minimum wage to soften the blow from inflation.
Six months into the war, what is the state of Russia's economy?
Russia's economy is in better shape than many forecast after Moscow sent its forces into Ukraine six months ago, but some hardships are emerging for some Russians.www.weforum.org
At the same time, however, the Russian economy has so far demonstrated greater resilience than many initially expected.
Despite losing more than 30 percent of its value in late February and early March, the Russian rouble has since rebounded to become the best-performing currency of the year.
Inflation has begun to gradually slow down in recent months, falling from its peak rate of 17.8 percent in April to 14.9 percent in August.
Meanwhile, Russia’s current account surplus has swelled to a record high of $167bn between January and July, more than triple from a year ago.
Did sanctions really hurt the Russian economy?
Six months after the Kremlin sent troops into Ukraine, the Russian economy finds itself at a crossroads.www.google.com
And
RUSSIA - Mobilization is KILLING the Russian Economy as 1.5 Million People Leave Russia's Workforce
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