UP

War in Ukraine keeps Russia from recession

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

The war in Ukraine is the only factor preventing Russia from falling into recession.

Axar.az reports that this was stated by economists participating in a survey by Business Insider.

They noted that Russia's enormous military budget is currently bolstering its weak economy:

"However, this is a temporary solution to Russia's growing economic issues, including rising inflation and currency-budget problems.

The Russian economy is now supported by substantial state spending, so there will be no slowdown in any sector of the economy that the government purchases from. Thus, if there were no war, yes, it would certainly fall into recession immediately."

Date
2024.09.30 / 15:24
Author
Axar.az
See also

Brazil's efforts to end war unlikely to succeed

Slovak PM criticizes EU's war encouragement

In final push, Trump focuses on misinformation

US and West seek role in Armenia-Azerbaijan peace talks

Israel army kills Hezbollah commander in Beirut

Trump vows to combat gender transition ideas

Over 190 shells fired from Lebanon to Israel

Sweden to send troops for NATO operations

Explosions rock Tel Aviv skies

Biden declares emergency in Florida

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla