RUSSIAN Economy Dangerously Overheated #shorts #russianukraineconflict #russianeconomy
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Video Summary
Russia has released its GDP figures for the first half of 2024, indicating a 4.6% growth. The number may seem impressive, but it masks significant underlying issues. The Russian Central Bank has confirmed that the economy is overheating, marked by alarming levels of inflation, now above 9%, and interest rates at a high 18%. Moreover, the workforce is facing a severe shortage due to a low birth rate, high death rate, and high emigration triggered by Russia’s invasion of Ukraine. Despite this growth, the economy is precarious, teetering on the brink of disaster.
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