Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
www.businessinsider.com
Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
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.
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.