Expert Predicts Severe Recession Triggered by Russia's Energy Trade Weakness and Dollar Access Loss

Saturday, 13 July 2024, 12:18

A top economist's warning highlights the potential for Russia to plunge into a severe recession within a year due to declining energy profits and restricted access to the US dollar. This forecast paints a grim picture of the nation's financial stability and raises concerns about the broader economic implications.

Business Insider — Expert Predicts Severe Recession Triggered by Russia's Energy Trade Weakness and Dollar Access Loss

Russia's Financial Outlook

A top economist predicts a severe recession

Reasons Behind the Prediction

Declining energy profits
Losing access to the US dollar

This dual blow puts Russia's financial resilience at risk and could have far-reaching consequences.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Russia's Financial Outlook

Reasons Behind the Prediction

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