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

Erdogan: No more support for terrorist groups

Russia imposes restrictions on Saratov airport

Earthquake hits Iran’s Hormozgan province

205 injured as car plows into Christmas market in Germany

Macron faces controversy amid birthday celebrations

Asma al-Assad begins cancer treatment in Moscow

Tehran: Assad ignored our advice

Turkiye condemns Magdeburg Christmas market attack

Bashar al-Assad fled to Russia with top officials

General: PKK/YPG in crisis as thousands flee

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