Russian economy in freefall as mortgage costs soar and mass layoffs hit firms
2 years ago by BrikoX to c/globalnews
The Russian economy is on the brink of collapse, with industrial output falling and major companies initiating large-scale layoffs amid the economic fallout from the war on Ukraine
Archived version: https://archive.is/...
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
@lemmy.zip
Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.
Post title should mirror the news source title. If you don't like the title of article, look for an alternative source instead of editorializing it.
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
Opinion (op-ed) articles must use [Opinion] prefix before the title. Opinion articles refer to articles that their publisher doesn't explictly endorse.
Country prefix can be added to the title with a separator (|, :, etc.) if the news is from a local publisher who doesn't clearly mention the country.
This community is moderated in accordance with the principles outlined in Article 19 of the Universal Declaration of Human Rights, which emphasizes the right to freedom of opinion and expression. In addition to this foundational principle, we have some additional rules to ensure a respectful and constructive environment for all users.
Title and associated content has to be in English.
Avoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
All communication has to be respectful of differing opinions, viewpoints, and experiences.
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation. Any kind of discrimination will not be tolerated.
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
Stay on topic. Keep it relevant.
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
Icon generated via LLM model | Banner attribution
If someone is interested in moderating this community, message @brikox@lemmy.zip.
go to feed...
@lemmy.zip
Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.
Post title should mirror the news source title. If you don't like the title of article, look for an alternative source instead of editorializing it.
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
Opinion (op-ed) articles must use [Opinion] prefix before the title. Opinion articles refer to articles that their publisher doesn't explictly endorse.
Country prefix can be added to the title with a separator (|, :, etc.) if the news is from a local publisher who doesn't clearly mention the country.
This community is moderated in accordance with the principles outlined in Article 19 of the Universal Declaration of Human Rights, which emphasizes the right to freedom of opinion and expression. In addition to this foundational principle, we have some additional rules to ensure a respectful and constructive environment for all users.
Title and associated content has to be in English.
Avoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
All communication has to be respectful of differing opinions, viewpoints, and experiences.
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation. Any kind of discrimination will not be tolerated.
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
Stay on topic. Keep it relevant.
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
Icon generated via LLM model | Banner attribution
If someone is interested in moderating this community, message @brikox@lemmy.zip.
go to feed...
That is source for headline. Above 50 is still expansion. It's below 50 in US.
Ruble is best performing currency over the year. Few Russians have mortgages, and housing affordability is good. Interest rates are high because of full employment created by highly paid military, and interest rate was set up to defend ruble.
Peace is expected to reduce the soaring military production that has since the war made Russia vastly outperform US colonies. Passing Japan and Germany in PPP (most important measure) GDP to 4th in world.
If you want Russia to stop growing so fast, give it peace. But it is dead wrong/false propaganda, that continuing to threaten its existence will cause it to be less determined and productive in fighting your evil.
save