Russia's economy has entered a recession as gross domestic output fell by four percent in the third quarter, according to first estimates published Wednesday by the national statistics agency, Rosstat. The drop in GDP follows a similar four percent contraction in the second quarter, as Western sanctions pummel Russia's economy following Moscow's offensive in Ukraine. The four percent drop in economic output between July and September was less than the 4.5 percent contraction analysts had expected.
Eh… I’m not wild about the idea of another Russia-centered collapse. I do hope that it transitions to a government that serves its people rather than a kleptocracy that enriches its leaders and feeds egos. But collapses are just as likely to wind up with another disaster, and I don’t wish that on the Russian people.
Are there options for fixing Russia that doesn’t include a collapse? Fascist states like Russia seem to have a very strong grip to power.