Russia’s Economy: More Frozen Than Its Voters’ Hearts
Russia claims to be 'returning to a balanced growth path,' but according to Alexander Kolyandr, that's just a euphemism for 'anemic growth.' Inflation dipped from 8.2% to 4.8%, allowing the central bank to nudge interest rates from 20% to 18%, yet manufacturing just saw its steepest decline in three years. The Kremlin's gamble? That this slump won’t spiral into a recession, but with war spending ballooning and business confidence at rock bottom, it might be hoping a magic Abacus can save the day.
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(1 of 3)Russia’s economy is like their war strategy—slow, painful, and everybody’s pretending it’s working. Inflation cooling? Sure, just like their chances of growth.
Watching Russia’s economy try to grow while drowning in sanctions is like watching a hamster chew through a locked cage—adorable, futile, and slightly tragic.
Russia's interest rates dropping from 20% to 18% is the economic equivalent of slipping off a ledge that’s already given up on your face.
Source: Businessinsider | Published: 8/4/2025 | Author: Huileng Tan
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