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 ☆
    81·
    2 months ago

    People who have been wrong about absolutely everything over the past two years are sure to be right this time.

    • Dreyns
      2·
      2 months ago

      I don’t think this is a “next morning” thing tho. I think i’ll be more insidious just like what’s happening in the us, railroad starting to fail, education taking a dip, higher mortality rates, stuff like that scattered over the years.

      • ☆ Yσɠƚԋσʂ ☆
        41·
        2 months ago

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