Reported 1 day ago
Putin's war-driven economic boom in Russia, supported by government stimulus, shows signs of strain as high inflation, rising interest rates, and sanctions take their toll. While consumer sentiment remains relatively stable, forecasts suggest a slowdown in growth from 2023 onwards, with key industries facing potential bankruptcies. The central bank predicts growth could drop to as low as 0.5% in 2025, and both inflation and high borrowing costs are expected to persist, leading to reduced credit availability for consumers and businesses.
Source: YAHOO