Economy Paid
Russian economy faces stagnation
06:42
In October 2024, Russia's central bank raised its key interest rate to 21%, yet inflation soared to 9.6% annually by December. Prices for basic goods have risen dramatically, hitting ordinary Russians hard, particularly pensioners, who earn just $150-200 monthly.
Despite a 3.5% GDP growth in 2023 and record-low unemployment at 2.3%, the economy is stagnating.
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