Russia’s Cooling Economy Facing ‘Hypothermia’ Risks, Minister Warns

Russia economy meltdown as Putin's country faces 'hypothermia'

The economic climate for Vladimir Putin's Russia is looking bleak as the bloody war in Ukraine continues.

The Ministry of Economy of Russia, Maxim Rehettnikov, asked the Central Bank for months to take into account the slowdown of inflation at the next week's monetary policy meeting, warning that the Russian economy shows signs of "hypotermie", transmits Reuters...

Russia sees 'risks of overcooling' in economy

Inflation has declined to 3-4% on annual basis in recent weeks, says Russian economic development minister - Anadolu Ajansı

Russia’s cooling economy facing ‘hypothermia’ risks, minister warns

MOSCOW (Reuters) -Russian Economy Minister Maxim Reshetnikov on Monday urged the central bank to take slowing inflation into account when it meets to set interest rates next week, warning that Russia’s cooling economy is showing signs of “hypothermia”. Grappling with stubbornly quickening inflation, Russia’s central bank has kept its key interest rate at 21% since October, tight monetary policy that has stifled investment just as the economic im…

The ministry expects inflation of 7.6 percent this year, and that forecast is "realistic," he said.

Russia is at risk of "economic hypothermia," the country's economy minister said, a week before the central bank's interest rate meeting.