News
The Russian economy suffers from high inflation and low unemployment
Rampant inflation and an acute labor shortage make economic growth impossible and threaten the country with economic recession.
The Russian economy has largely survived the full-scale invasion of Ukraine and the imposition of Western sanctions. But at the end of the third year of the war, critical problems in it became obvious, writes The Telegraph.
“Cracks have begun to appear,” expert William Jackson says of the Russian economy.
One of the most startling indicators of trouble is Russia's abnormally low unemployment rate, which dropped to an unheard-of 2.3% in October. While low unemployment may seem like a good thing to the average person, for a developing economy it's actually very bad…
