Russia's Economy on the Brink: Predictions of a Severe Recession Within a Year
Monday, 15 July 2024, 10:55
Russia Facing Economic Turmoil
Global sanctions on energy and consumer goods have intensified following Russia's actions in Ukraine, plunging the nation into a precarious economic situation.
Expert Forecasts
- Risk of Severe Recession: UC Berkley economist predicts a sharp economic downturn for Russia within a year.
The combined effects of sanctions and geopolitical instability are expected to have lasting repercussions on Russia's economy.
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.