Posted on 11/14/2024 7:35:37 AM PST by marcusmaximus
The price of potatoes - a staple of the Russian diet - have increased by 64 percent this year, according to the latest figures.
-snip-
Sergei Chemezov, who is the CEO of the state-owned defence giant Rostec, warned that sky-high interest rates are eroding business profitability and could lead to widespread bankruptcies. TsMAKP echoed these concerns.
He cautioned that “the current high interest rate and the prospect of further increases create a risk of economic downturn and a collapse in investments.”
-snip-
Recent data showed a 3.1% contraction year-on-year in the latest quarter, with more slowdowns expected as war-related disruptions and stringent monetary policies stifle activity and weaken domestic demand.
Analysts at Capital Economics expect Russia’s central bank to increase the interest rate to 22% in the coming month, predicting that inflation will stay elevated and that the Kremlin may face an economic scenario with few, if any, effective options.
(Excerpt) Read more at express.co.uk ...
The propaganda media, at the behest of their globalist masters, "Look! A squirrel!"
Yup, Coming from the Express.co.uk no less. I’m shocked!!! S/
Correcting, we are now nearing $36 trillion in debt. In the moment, about $35.998 trillion and rising rapidly.
US Debt ClockBut from today's Express UK, we also learn about the UK:
"The state has become a monster. Weak-minded politicians in the previous Conservative government allowed it to expand by 25% since lockdown. That's bad enough, but the Keir Starmer's Government is adding to this at a pace."You say potato and I say potato...."Keir Starmer will bankrupt UK — we badly need our own Elon Musk" Express UK, 14 November 2024
MAKHACHKALA, November 14. /TASS/. Russia’s GDP growth totaled 3.1% in Q3 while in the first nine months of 2024 GDP growth reached 4.1%, Adviser to Central Bank Governor Kirill Tremasov said.
Russia's 2024 Potato Harvest Faces a 16% Drop: What Does This Mean for Farmers and the Market? Potatoes News, 14 September 2024On a side note, all the red hotlinks in the Express UK article(s) are links to other Express UK pages, because there's nothing like getting eyes on pages with yet more links to more pages, all Express UK. Clicks. Money makes the world go 'round.
Do you own stock in British tabloids?
ZEEPER FOLLIES PINGLIST!(((PING!)))
Imp-rt some more N Korean soldiers!
Stupid Cossack
What ruble doink?
What Gert B. Frobe doink?
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