RUSSIAN Economy Imploding as Interest Rates are Hiked, Inflation Soars & Worker Shortages Increase
Video Summary
Russia’s economy is facing severe problems, with inflation rising at an alarming rate and interest rates skyrocketing to a 14-year high of 18%. The Russian Central Bank has increased interest rates by 10.5% over the past 12 months, and inflation is expected to rise from 4% to 6.5-7% in 2024. This is a result of various factors, including the ongoing economic crisis, sanctions imposed on Russia, and the recent war with Ukraine.
The war has led to a significant decrease in the value of the Russian ruble, and the country is now facing a major workforce shortage, with over 1.2 million people leaving the country or being conscripted to fight in Ukraine. This has led to a wage spiral, with companies offering higher wages to attract new staff, further driving up inflation.
The Russian Central Bank is trying to control the situation by increasing interest rates, but this is not likely to solve the fundamental problems facing the economy. The country is facing a severe economic crisis, and the situation is expected to worsen in the coming months.
The Russian ruble is also struggling, with a very small market and limited foreign exchange rates. The country is struggling to fund its economy, and its reserves have decreased significantly since the start of the war in Ukraine. The situation is dire, and it is likely to take a long time to recover from these economic woes.
Related posts:
TURKEY in Deep Trouble as Inflation Soars Again & Interest Rates are Hiked to 50%
RUSSIAN Economy Breaking
TURKEY in Deep Trouble as Crisis Accelerates, Inflation Soars, Lira Crashes & Interest Rates Hit 50%
RUSSIA Starts to Collapse
RUSSIAN Economy Destroyed by Russian Ukraine War
Opinion: With soaring interest rates and stagflation risks, Russia will face deep economic crisis regardless of war’s outcome
Opinion: The central bank can't solve Russia's economic crisis in the face of war and sanctions
RUSSIAN Emergency
Related:
