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Russia faces ‘economic oblivion’ despite claims of short-term resilience, economists say
CNBC ^ | 02-AUG-2022 | Elliot Smith

Posted on 08/02/2022 7:13:50 AM PDT by SpeedyInTexas

Russia is facing “economic oblivion” in the long term because of international sanctions and the flight of businesses, several economists have said.

...

However, many economists see long-lasting costs to the Russian economy from the exit of foreign firms – which will hit production capacity and capital and result in a “brain drain” – along with the loss of its long-term oil and gas markets and diminished access to critical imports of technology and inputs.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: bilge; elliothazthedumbz; elliotsmith; horseplop; kievbob; neoclown; neoconbilge; neocons4biden; putinsbuttboys; shilliotshill; shilliotsmith; ukrainebob
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To: SpeedyInTexas

The Soviet Union lost the cold war because they couldn’t give the people Levi blue jeans. Do you really believe that the Russian people will be happy with Mak Dak?


21 posted on 08/02/2022 8:32:57 AM PDT by Captain Compassion (I'm just sayin')
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To: marktwain

They have cash registers that send oil to Europe and China and India. Frankly with just India and China thats about 40% of the world that is happy to trade with them. They are just fine. Obviously there will be some disturbance. But the Russians are used to it.


22 posted on 08/02/2022 8:37:15 AM PDT by poinq
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...

23 posted on 08/02/2022 8:49:21 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SpeedyInTexas

...well, we know what happens when a country faces economic oblivion, don’t we?


24 posted on 08/02/2022 9:55:19 AM PDT by Recovering_Democrat
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To: devere

Who would they be? No one here I’ve seen.

There are plenty who like neither Putin nor Zelensky.


25 posted on 08/02/2022 10:38:47 AM PDT by FreedomPoster (Islam delenda est)
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To: SpeedyInTexas

26 posted on 08/02/2022 10:44:07 AM PDT by McGruff (Don't underestimate Joe's ability to f*** things up - Barack Obama)
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To: Sacajaweau
Same people who say climate change is biggest problem in the world?

Our leaders in the West are mentally ill.

27 posted on 08/02/2022 3:20:02 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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