Continuing the war means the economy faces stagnation, while ending it would shut off the massive defense spending that's driven growth, Alexander Mertens writes.

cross-posted from: https://lemmy.world/post/21521751

Summary

Regardless of Putin’s decision regarding the war in Ukraine, Russia’s economy is facing a crisis due to factors such as sanctions, a shrinking sovereign wealth fund, and a labor shortage. The war has boosted growth, but Russia cannot sustain it without significant economic consequences.

  • ☆ Yσɠƚԋσʂ ☆
    41·
    23 days ago

    Given that Russia is now reindustrializing as the result of the war, seems like the opposite would be happening.