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Russian economy headed for ‘soft landing’ – The Economist Russian economy headed for ‘soft landing’ – Economist
(about 7 hours later)
Moscow has defied all apocalyptic forecasts, the paper has admitted Moscow has defied all apocalyptic forecasts, the paper has said
Russia’s economy continues to successfully battle through all the hardships, all while growing stronger, the Economist reported in its latest piece published on Sunday. Russia’s economy continues to successfully battle through hardships while continuing to grow stronger, The Economist reported in a piece published on Sunday.
Moscow has repeatedly “defied the doomsayers,” the British weekly said, adding that its economic performance appears to be going back to the pre-conflict levels despite numerous rounds of unprecedented sanctions imposed by Washington and its allies over the two years of conflict with Kiev. Moscow has repeatedly “defied the doomsayers,” the British weekly said, adding that its economic performance appears to be returning to pre-conflict levels despite numerous rounds of unprecedented sanctions imposed by Washington and its allies over the two years of conflict with Kiev.
In particular, Russia managed to rein in the inflation that was a cause for concern late last year, the paper noted. Russia has managed to rein in inflation, which was a cause for concern late last year, the paper noted. “Data to be published on March 13th are expected to show that prices rose by 0.6% month-on-month in February, down from 1.1% at the end of last year. On a year-on-year basis inflation is probably no longer rising, having hit 7.5% in November.”
“Data to be published on March 13th are expected to show that prices rose by 0.6% month-on-month in February, down from 1.1% at the end of last year. On a year-on-year basis inflation is probably no longer rising, having hit 7.5% in November,” the Economist said. The outlet credited the success to the timely actions of the Finance Ministry and the central bank. The ministry’s exchange-rate controls supported the ruble and reduced the price of imports while the bank’s decision to double interest rates led to the inflation slowing down.
The outlet credited the success to the timely actions of the Russian finance ministry and the central bank. The ministry’s exchange-rate controls supported the ruble and reduced the price of imports while the bank’s decision to double interest rates led to the inflation slowing down. Russia now appears to be heading for a “soft landing,” the weekly said, with inflation slowing down without inflicting serious damage to the economy. GDP meanwhile grew by more than 3% last year, while unemployment rates remained at a record low. Business closures were also at their lowest in eight years, according to the report.
Now Russia appears to be heading for a “soft landing,” the weekly said, with inflation slowing down without inflicting serious damage to the economy. Russia’s GDP meanwhile grew by more than 3% last year while the unemployment rates remained “at a record low.” Business closures were at their lowest in eight years as well, according to the report. Russia’s economic performance has brought it back to its pre-conflict economic development track, the British weekly reported, noting the nation’s “resilience.” Russian businesses also found effective ways to overcome the restrictions imposed by the West by establishing “durable supply chains with ‘friendly’ countries,” to the point where Russia now receives more than half of its imports from China.
Such economic performance has put Russia back on its pre-conflict economic development track, the Economist said, noting the nation’s “resilience.” Russian businesses also found effective ways to overcome the restrictions imposed by the West, by establishing “durable supply chains with ‘friendly’ countries,” to the point where Russia now gets more than a half of its imports from China. With trade relations secured, Russian exporters are ditching the discounts on their goods that were originally introduced after the Western sanctions push.
With the trading relationships secured, Russia’s exporters are ditching the discounts on their goods, originally introduced after the Western sanctions push. “The discount on oil Russia offers to Chinese customers, for instance, has fallen from more than 10% in early 2022 to about 5% today,” The Economist reported, adding that the new policies were bringing in more revenues and profits for the Russian companies. 
“The discount on oil Russia offers to Chinese customers, for instance, has fallen from more than 10% in early 2022 to about 5% today,” the Economist reported, adding that the new policies were bringing in more revenues and profits for the Russian companies. 
“The Russian economy appears to be proving the pessimists wrong,” the weekly said, adding that it is “once again back on track.” “The Russian economy appears to be proving the pessimists wrong,” the weekly said, adding that it is “once again back on track.” 
The US and the EU economies “are at the bottom, while we are rising,” Russian President Vladimir Putin said last month. The US and EU economies “are at the bottom, while we are rising,” Russian President Vladimir Putin said last month.
The International Monetary Fund (IMF) has also expressed surprise that the Russian economy was growing faster than many experts predicted, and revised its growth forecasts for 2024 to 2.6%, up from the previous expectation of just 1.1%. The International Monetary Fund has also expressed surprise that the Russian economy is growing faster than many experts predicted, and revised its growth forecasts for 2024 to 2.6%, up from previous expectation of just 1.1%.