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Russia economy meltdown looms as Putin is handed dire stagflation warning
Express UK ^ | 11/14/2024 | CIARAN MCGRATH

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 ...


TOPICS: Chit/Chat
KEYWORDS: cheetosmaximus; dailyzeeperporn; gertbfrobe; russia; simonemaximus; zeeperporn
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1 posted on 11/14/2024 7:35:37 AM PST by marcusmaximus
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To: marcusmaximus
Putin, he's a twicky, twicky guy


2 posted on 11/14/2024 7:36:42 AM PST by JonPreston ( ✌ ☮️ )
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To: marcusmaximus

3 posted on 11/14/2024 7:46:59 AM PST by DannyTN
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To: marcusmaximus
but are they $34 trillion in debt?

The propaganda media, at the behest of their globalist masters, "Look! A squirrel!"

4 posted on 11/14/2024 7:50:59 AM PST by T.B. Yoits
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To: T.B. Yoits

Yup, Coming from the Express.co.uk no less. I’m shocked!!! S/


5 posted on 11/14/2024 7:55:05 AM PST by foundedonpurpose (Praise Hashem, for his restoration of all things! )
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To: T.B. Yoits; marcusmaximus
--- "but are they $34 trillion in debt? The propaganda media, at the behest of their globalist masters, "Look! A squirrel!"

Correcting, we are now nearing $36 trillion in debt. In the moment, about $35.998 trillion and rising rapidly.

US Debt Clock
But 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."

"Keir Starmer will bankrupt UK — we badly need our own Elon Musk" Express UK, 14 November 2024

You say potato and I say potato....
6 posted on 11/14/2024 7:59:06 AM PST by Worldtraveler once upon a time (Degrow government)
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To: marcusmaximus
A 4.1% growth rate equates to a stagnant economy?

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.

7 posted on 11/14/2024 8:11:02 AM PST by Kazan
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To: foundedonpurpose
There's actually a news organization for potatoes..... How knew?
Russia's 2024 Potato Harvest Faces a 16% Drop: What Does This Mean for Farmers and the Market? Potatoes News, 14 September 2024
On 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.
8 posted on 11/14/2024 8:12:44 AM PST by Worldtraveler once upon a time (Degrow government)
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To: marcusmaximus

Do you own stock in British tabloids?


9 posted on 11/14/2024 8:14:20 AM PST by McGruff (Making America Great Again)
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To: Worldtraveler once upon a time
-— “How knew?” Who knew? Ah, spell check is not always an answer.
10 posted on 11/14/2024 8:14:26 AM PST by Worldtraveler once upon a time (Degrow government)
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To: Allegra; AndyJackson; ANKE69; bimboeruption; Candor7; Carriage Hill; C210N; Cold_Red_Steel; ...
So Easy!!

ZEEPER FOLLIES PINGLIST!
(((PING!)))

11 posted on 11/14/2024 8:20:43 AM PST by aMorePerfectUnion (🦅 MAGADONIAN ⚔️ LIFE )
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To: marcusmaximus
zelenskyandmarcushomoprideparade
12 posted on 11/14/2024 8:26:20 AM PST by bimboeruption (“Less propaganda would be appreciated.” JimRob 12-2-2023)
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To: marcusmaximus
Taters and butter and eggs, oh my! 😱


13 posted on 11/14/2024 8:27:25 AM PST by Allegra (Deplorable garbage)
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14 posted on 11/14/2024 8:31:37 AM PST by Who is John Galt? ("...mit Pulver und Blei, Die Gedanken sind frei!")
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To: marcusmaximus

Imp-rt some more N Korean soldiers!

Stupid Cossack


15 posted on 11/14/2024 8:41:38 AM PST by ABStrauss (I miss Rush!)
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To: Kazan

What ruble doink?


16 posted on 11/14/2024 8:46:42 AM PST by marcusmaximus
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To: marcusmaximus

17 posted on 11/14/2024 8:46:52 AM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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18 posted on 11/14/2024 8:48:17 AM PST by Who is John Galt? ("...mit Pulver und Blei, Die Gedanken sind frei!")
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To: marcusmaximus
What ruble doink?

What Gert B. Frobe doink?

19 posted on 11/14/2024 8:50:29 AM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: marcusmaximus

20 posted on 11/14/2024 8:53:53 AM PST by Allegra (Deplorable garbage)
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