RUSSIAN War Economy is Destroying Russia as Businesses Abandon Customer & Markets for War Effort
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The IMF recently published updated forecasts for Global GDP which show that Russia is forecast to hit 3.2% growth in 2024. At face value this makes the Russian Economy look like one of the strongest in the world however theses figures are misleading and mask what is happening in Russia. The Kremlin is currently pouring Billions of Dollars into the economy to support the war in Ukraine and many businesses have abandoned their customers and markets to provide equipment for the war. In this video I look at this issue in more detail and discuss the short term and long term issues that Russia is facing.
For specific details please check out the CHAPTER list below.
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Chapters:
0:00 Intro
3:20 IMF FORECASTS
5:43 RUBLE
8:59 WAR ECONOMY
12:45 INFLATION
16:16 SUMMARY & CONCLUSION
#russia
#ruble
#ukraine
#imf
#yandex
#braindrain
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3
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