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

submitted 4 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 51 points 4 months ago (1 children)

No. It's part of Reach plc, who are responsible for many of Britain's shittiest tabloids

It might still be correct here - other more reputable outlets like Reuters have reported on the troubles of the Russian economy - but I would not trust this by itself

[–] [email protected] 6 points 4 months ago* (last edited 4 months ago) (1 children)

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

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

[–] [email protected] 1 points 4 months ago

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