| | | Darn the bad news, PooTin cucks!
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Russia slashes 2025 economic growth forecast to 1.5% from 2.5% (Reuters, paywalled)
MOSCOW, Aug 27 (Reuters) - Russia sees economic growth in 2025 slowing to 1.5%, far below the earlier 2.5% forecast, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister Anton Siluanov told President Vladimir Putin on Wednesday.
Russia's war economy grew robustly at 4.1% in 2023 and 4.3% in 2024, far faster than G7 countries, despite multiple rounds of Western sanctions imposed after its invasion of Ukraine in 2022, but it is slowing sharply this year.
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Low oil prices, higher-than-expected expenses (and the resulting budget deficit), a sovereign wealth fund that is running dry, and Ukraine's "kinetic sanctions" on RuZZia's oil production are all taking a toll.
But it's OK. PooTin can continue pulling the arm on the slot machine for another few years. Eventually he'll hit the jackpot, and RuZZia will finally achieve that "breakthrough" that his underlings have promised him for the past 3.5 years, AMIRITE?
Tenchusatsu |
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