Vladimir Putin's extravagant war spending is fueling dangerously high inflation in Russia's economy. The services sector, including legal advice and restaurant meals, is experiencing exceptionally high inflation. The Economist reports that Russia's economy has reached a dangerous overheating point. Meanwhile, Ukraine's economy has seen a second straight quarter of expansion, albeit with slowed growth due to the ongoing war with Russia.
Ukraine’s economy notches up a second straight quarter of expansion, as the war with Russia grinds on, though growth slowed in comparison with the three months through June https://t.co/6AeeyjXIZ3
Ukraine’s economy notches up a second straight quarter of expansion, as the war with Russia grinds on, though growth slowed in comparison with the three months through June https://t.co/y5VoWPlbku
♨️ Russia's economy reaches dangerous overheating point – The Economist https://t.co/xZpjmmxcmq
"Look closer at Mr Putin’s wartime economy, however, and it becomes clear that it is dangerously overheating. Inflation in the services sector, which includes everything from legal advice to restaurant meals, is exceptionally high" https://t.co/vIujAbVwfR
“The Russian economy is growing too fast” https://t.co/B8936yH5KX
Vladimir Putin is running Russia’s economy dangerously hot. Read how extravagant war spending is fuelling inflation https://t.co/tC2QuDv1aV 👇