Russian Economy Faces Stagnation and Recession Risks, Experts Warn
TL;DR Summary
Russia's economy has entered a phase of 'technical stagnation' with near-zero growth, driven by weak private consumption, shrinking investment, and high interest rates, leading to concerns of a recession, as warned by major financial leaders and officials.
- Russian economy hits 'technical stagnation,' biggest bank chief warns of 'close to zero' growth The Kyiv Independent
- Sberbank CEO Gref warns of Russian recession if rates not slashed Reuters
- Russian Economy Slipped Into ‘Technical Stagnation,’ Sberbank CEO Warns The Moscow Times
- Putin’s Fear of a Humiliating Economic Crisis Foreign Policy
- Putin Ally Issues Dire Warning About Russian Economy Newsweek
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