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,"

  • freagle@lemmygrad.ml
    ·
    2 months ago

    9% inflation, oh my god, what will they do! No one has ever seen anything like that.

    US inflation reaches 9.1% in 2022

    Uhh, well, it's because US citizens are paid too much! Our inflation is caused by US being so damn good at freedom!