Sweetplum:
You ll weep for Russia soon

Sweetplum:
You ll weep for Russia soon

AldrichAmes:
Against all odds while western economy is on the brink of collapse with record inflation rates. SMH

Stop poking the bear!

Bodmum:
don't answer the fulls. The sanctions will start to bite soon

Bodmum:
don't answer the fulls. The sanctions will start to bite soon

alcuin:


Do you know what "The Economist" is?

AldrichAmes:
In early april we pointed to preliminary evidence that the Russian economy was defying predictions of collapse, even as Western countries introduced unprecedented sanctions. Recent data further support this view. Helped along by capital controls and high interest rates, the rouble is now as valuable as it was before Russia’s invasion of Ukraine in late February (see top chart). Russia appears to be keeping up with payments of its foreign-currency bonds.

The real economy is surprisingly resilient too. True, Russian consumer prices have risen by more than 10% since the beginning of the year, as the rouble’s initial depreciation made imports more expensive and many Western companies pulled out, reducing supply. The number of firms late on their wage payments seems to be growing.

https://www.economist.com/finance-and-economics/2022/05/07/russias-economy-is-back-on-its-feet

PoliteActivist:


Did you read the bolded?
Subscribe and read the WHOLE article b4 rushing to create thread

KillerCrocodile:


Wise one...

Leave them to keep encouraging themselves.

Meanwhile, Wage bill is growing....