Mdv schreef op 14 november 2024 02:19:
Russia's economy is heading toward a fate worse than recession, pro-Kremlin economists say.
Moscow's failed attempt to stamp out inflation is driving the country towards its worst-case economic scenario, according to a Russian think tank tied to the government.
On Wednesday, TsMAKP condemned Russia's tight monetary policy, warning that high interest rates will trigger an economic downturn. With inflation still running hot, that could create a nightmare outcome for Kremlin officials: stagflation.
"As a result of the central bank's actions, the Russian economy is effectively facing the threat of stagflation — simultaneous stagnation or even recession and high inflation," the government advising think tank said, as translated by Reuters.
www.businessinsider.com/russia-econom...