#Putin has run out of moves
The broad consensus among #Russia-watchers is that the country is facing a prolonged bout of #stagflation
Growth this year is unlikely to exceed 1%, and #inflation is still stuck at 6% (or more). Moreover, the most promising option for reviving the #economy is the least likely to be pursued, because it requires Putin's willingness to end the #war in #Ukraine
The downside risks are legion. #Russian #troops have barely advanced in Ukraine this year, and #Russia cannot spend more on its military without triggering financial instability.
kyivindependent.com/putin-has-…
#RussianInvasion #RussianAggression #RussianPropaganda
Putin has run out of moves
The broad consensus among Russia-watchers is that the country is facing a prolonged bout of stagflation. Growth this year is unlikely to exceed 1%, and inflation is still stuck at 6% (or more).Anders Åslund (The Kyiv Independent)
