Russia's economy has finally fallen into recession, 8 months after it invaded Ukraine
Eight months after it attacked Ukraine, Russia's economy has finally fallen into a recession, according to official data from Moscow released Wednesday.
Its GDP fell by 4% in the third quarter of the year from a year ago, according to Rosstat, Russia's statistics agency. This followed a 4.1% year-on-year decline in its second-quarter GDP — meaning the country has fallen into a technical recession after two straight quarterly contractions.
Though the textbook definition isn't necessarily indicative of a serious downturn — Russia's third-quarter GDP slide was in milder than the 7% decline it had expected earlier — Elvira Nabiullina, the country's top central banker, said Tuesday the country needs to look at the economic situation "very soberly with open eyes" and be prepared for any development, according to news agency Interfax.
"Yes, the situation can worsen, we understand this," Nabiullina told Russian lawmakers, according to the news agency, adding it was necessary to restructure the economy.
https://www.msn.com/en-us/money/markets/russia-s-economy-has-finally-fallen-into-recession-8-months-after-it-invaded-ukraine/ar-AA14d6RZ
Heckuva job Pooty Poot.
= new reply since forum marked as read
after all their invasion has ruined the economy of many countries since the WAR ( not a special operation) started. First China ruined the world economy by introducing Covid to the planet then Putin pulls this shit.
But of course the inflation is a problem of the Dems and Biden. 
