True!!! Russia grows a lot of stuff. Their economy is rocking, Consumers are confident, Consumers will buy something else.
“True!!! Russia grows a lot of stuff. Their economy is rocking, Consumers are confident, Consumers will buy something else.”
You won’t find that accounting posting anything about Russia being the largest grain exporter in the world.
ARTICLE
Russia’s struggling war economy might be what finally drives Moscow to the negotiating table
By Holly Ellyatt, CNBC
Updated on May 22, 2025 at 1:36 am
https://www.nbcchicago.com/news/business/money-report/russias-struggling-war-economy-might-be-what-finally-drives-moscow-to-the-negotiating-table/3751514/
“The growth that remains in the Russian economy is concentrated in manufacturing, specifically the defense sector and related industries, and is being fueled by state spending, according to Alexander Kolyandr, senior fellow at the Center for European Policy Analysis.
“After three years of militarizing the country, Russia’s economy is cooling,” he said in online analysis for CEPA, noting that the slowdown in inflation, less borrowing by companies and consumers, declining imports, industrial output and consumer spending all pointed to the slowdown continuing.
That’s not disputed by Russian officials, with the Economic Development Ministry predicting that economic growth will slow from 4.3% in 2024 to 2.5% this year.
“The economy is not demobilizing; it is just running out of steam. That said, a drop can easily become a dive. Bad decisions by policymakers, a further dip in oil prices, or carelessness with inflation, and Russia could find itself in trouble,” Kolyandr said.”