https://www.businessinsider.com/russian-economy-overheating-consumer-spending-tourism-central-bank-interest-rate-2024-7
Despite sweeping sanctions over its invasion of Ukraine in February 2022, Russia's economy hasn't broken down and even appears resilient, as it's now being driven by wartime state spending on military activities and subsidies.
"Consumption is booming due to a combination of massive budget spending and labor force shortages leading to strong wage pressures,"
Inflation over 9%? Damn, Biden got them, too?
This honestly looks a lot like what happened in the US, but there's some key differences to consider. I have a friend that's been closely monitoring the Ruso-Ukrainian war from the outset (he is firmly pro-Russia in his outlook with regard to the war). He tells me that Russia is re-tooling its economy away from consumer goods and services towards raw materials, commodities, and manufacturing in a kind of economic levee en masse. Also, according to who you believe, a fuckton of working age Russian men have gotten killed or mangled as a result of the war, and while it's not at the levels that would precipitate catastrophe or some other extreme effect on Russian society, it probably is enough to create a noticable labor shortage, especially outside of Moscow and St. Pete, in towns that have fewer working age men to lose.
As for state spending, well, there's no two ways about it, war is fucking expensive. The war on terror has put the US, what, 20 trillion in the hole? It dizzies the mind to think what good that money could have done at home, and probably would have paid for itself in a decade or two, but it's basically been lit on fire and gone forever to murder people for ????. Re-tooling the economy won't be cheap either. I doubt much of that spending is going to be helping the average Russian much. Shit sucks, having just lived through stupid inflation here, I feel bad for them.