Bargaining, acceptance, recession: Russian officials have lost their optimism and are now openly acknowledging that a recession is looming
Bargaining, acceptance, recession: Russian officials have lost their optimism and are now openly acknowledging that a recession is looming
Bargaining, acceptance, recession: Why it's getting harder to deny Russia's economic downturn
Russian officials have lost their optimism and are now openly acknowledging that a recession is looming. While official statistics still paint a picture of economic growth, independent experts and business insiders point to a far bleaker reality. In fact, the economic slump that began with the start of the full-scale war never actually ended. As alternative inflation indicators like the so-called “Okroshka Index” prove unreliable, the only credible independent data from the Romir research holding has suddenly stopped being published — and even when this data was still available, it showed that real inflation in recent years was significantly higher than the official figures suggested. This means Russia wasn’t prospering — it was living on borrowed time. Now the reckoning is approaching, though the government prefers to call it a “soft landing.”
[...]