psud comments on Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms

Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms (www.irishstar.com)

submitted 2 years ago by SalaciousBCrumb@lemy.lol to c/world@quokk.au

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Russia's economy is teetering on the brink of collapse, with industrial production taking a nosedive and major corporations initiating widespread layoffs as the impact of a three-year war with Ukraine inevitably hits home.

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[–] psud@aussie.zone 6 points 2 years ago* (1 child)

Specifically Reuters say Russian interest rates are 10%, irishstar says 20%

The rest of the irishstar article is "this person says..."

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[–] Skua@kbin.earth 1 point 2 years ago

Reuters says inflation is 10%, not interest (unless you're referring to a different article?)

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