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Russian economy meltdown

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Russia’s economy is performing worse than expected this year,

Vladimir Putin is demanding answers over why Russia’s economy is performing worse than expected this year, and calling for urgent measures to revive growth in his second public complaint about economic weakness in a month. According to the Economic Development Ministry, Russia's GDP in January and February was 1.8% lower than in the same period last year.

Russian Academy of Sciences’ Institute of Economic Forecasting (INP) estimates for the first quarter of 2026 say the economy has shrunk by 1.5%, compared to the same period a year previously. The Central Bank had previously forecast GDP growth of 1.6% over the same period. The ministry attributed part of the decline to calendar effects (predictable, recurring stock market anomalies), noting that January had two fewer working days and that February had one fewer than a year earlier. Adjusted for this, GDP was flat year-on-year in January and rose 0.3% in February. However, Putin has dismissed the explanation as insufficient.

https://www.express.co.uk/news/world/2194822/russia-economy-meltdown-putin-demands-44bn-deficit/amp

3 hours ago, 3NUMBAS said:

Russia’s economy is performing worse than expected this year,

Vladimir Putin is demanding answers over why Russia’s economy is performing worse than expected this year, and calling for urgent measures to revive growth in his second public complaint about economic weakness in a month. According to the Economic Development Ministry, Russia's GDP in January and February was 1.8% lower than in the same period last year.

Russian Academy of Sciences’ Institute of Economic Forecasting (INP) estimates for the first quarter of 2026 say the economy has shrunk by 1.5%, compared to the same period a year previously. The Central Bank had previously forecast GDP growth of 1.6% over the same period. The ministry attributed part of the decline to calendar effects (predictable, recurring stock market anomalies), noting that January had two fewer working days and that February had one fewer than a year earlier. Adjusted for this, GDP was flat year-on-year in January and rose 0.3% in February. However, Putin has dismissed the explanation as insufficient.

https://www.express.co.uk/news/world/2194822/russia-economy-meltdown-putin-demands-44bn-deficit/amp

I have lost count, how many times have you predicted the "Russian meltdown"?

FYI: European economic growth is about as "flat" as the Russians. So, Europe is as also close to an "economic collapse" just like Russia?

Canada much worse

8 minutes ago, Celsius said:

Canada much worse

Canada not much "on the radar" here. Pls elaborate.

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