Similar Stories to Russia's Economy Has Irreversibly Turned Toward A 'stagnation Trap,' Think Tank Says on Bing News

Mikhail Svetlov/Getty ImagesRussia's economy will be ground to a halt by 2026, a think tank said this week. Massive government spending on defense is costing other sectors, Alexandra Prokopenko wrote.Businesses are slumping amid inflation, low labor supply, and rising borrowing costs.By the numbers, neither Western sanctions nor the costs of three years of war in Ukraine have chipped at Russia's growth momentum.

BING NEWS:
  • Russia's economy has irreversibly turned toward a 'stagnation trap,' think tank says
    "Over the past two years, Russia's economy has operated like a marathoner on fiscal steroids—and now those steroids are wearing off." Though this won't end in a sudden collapse, Russia's fixation and ...
    12/21/2024 - 12:30 am | View Link
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