But Kristalina Georgieva, the IMF’s managing director, told CNN’s Poppy Harlow that the economic outlook for Russia beyond 2023 is “quite devastating.” “When you take our projections over a medium term, what they mean is Russia[’s economy] shrinking by at least 7%,” Georgieva said in an interview that aired Wednesday. In January, the IMF projected that Russia’s economy would expand by 0.3% this year and 2.1% the next.
“That is not going to be a lasting impact for the Russian economy.” “We don’t see Russia in any way benefiting from what they have caused to Ukraine and to themselves.” Following Europe’s recent import bans on seaborne Russian crude and oil products, Moscow’s finances have shown signs of strain. On Monday, the Russian government reported a budget deficit of 2.58 trillion rubles for January and February, compared with a surplus of 415 billion rubles in the same period in 2022.
The IMF can seriously bring the inflation.
You avoid it by changing the things that were changed to cause the problem. Lower gas prices, lower interest rates..let people have more of their money back from taxes. Put Ukraine on smaller budget..Cut spending on the Green New Deal..shut down the border in the south.
Gee we printed too much money and threw it into the economy. Who would have guessed this would lead to massive inflation? Oh, Republicans did. Sorry.
But has Putin cared since only Russian people get consequences, while He still has billions of Euros for him to spend? Maybe until Russian people want to stop this war with their power of millions of people, who will more likely need to force Putin’s hands!
Typical Punish the man on the street. Children will die of curable diseases like those in Iraq and other countries.
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