Event
Foreign policy
Bank of Russia forecasts economic decline for two consecutive years
2 sourcesPublished · Updated
The Bank of Russia reported a potential economic decline for the first time in 30 years for two consecutive years. Inflation may return to record levels, and Russians will have to cut consumption. Experts believe that Russia faces a prolonged period of stagflation.
Key facts
- Economic decline in Russia for two years
- Worst in 30 years
- Rising inflation
- Reduction in consumption
- Threat of depleting the National Wealth Fund
Bank of Russia · Putin · Russia
Sources2
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Цензор.НЕТEarliest tracked report
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