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Russian Economy Shrinks in the First Quarter
Official estimates show first-quarter GDP fell as the budget deficit hit 4.6 trillion rubles and inflation stayed near 5.5 percent, limiting rate cuts.
Summary by The Moscow Times
2 Articles
2 Articles
Russia’s economy slows as war costs mount, budget deficit widens, and rate cuts near their limit
Five years into the full-scale war, the Russian economy has accumulated serious systemic problems. But that still does not mean it will collapse tomorrow: degradation takes time, and many of the mines that have been laid are slow to detonate. Economic indicators can genuinely be presented in an optimistic light as evidence of strength and resilience. But it is equally true that they conceal vulnerabilities and threats — above all for ordinary Rus
·Riga, Latvia
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Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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