Russia’s Economy Hits Snooze Button, IMF Yawns Loudly
Photo by Jordan Ladikos on Unsplash
After defying sanctions harder than your uncle dodging a gym membership, Russia's economy is finally feeling the cold slap of reality. The IMF downgraded growth from 1.5% to a lukewarm 0.9% in 2025, citing “policy tightening and lower oil prices.” Manufacturing is contracting, employment’s softening, and GDP seesaws like a hangover after a wild quarter. Maxim Reshetnikov, Russia’s economy minister, admits they’re 'on the brink' of recession — probably from spending all that war cash on tanks instead of TikTok ads. Meanwhile, Trump threatens tariffs in a subplot straight out of a geopolitical soap opera.
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Source: Businessinsider | Published: 7/30/2025 | Author: Huileng Tan
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