Finally, an economics expert. Tell me when Russia will go into a deep recession. A year from now? Six months? Two weeks? Two days?
“Tell me when Russia will go into a deep recession. A year from now? Six months? Two weeks? Two days?”
Officially it will be Oct 1st. Definition of a recession is two straight quarters of declining GDP. Estimates are that Russian GDP in this quarter will see a 7% decline. The next quarter of the decline will run until the end of September after which Russia will officially in recession.
If we keep spending we will be Rubble before Russia. World wide economic depression only leads to a world full of trouble and new Fascists’ dictators and the Rise of World Communism. The way Capitalist (Ha ha) US is going—Communism is looking better and better.