this post was submitted on 17 Mar 2025
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Global News

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The Russian economy is on the brink of collapse, with industrial output falling and major companies initiating large-scale layoffs amid the economic fallout from the war on Ukraine

Archived version: https://archive.is/newest/https://www.irishstar.com/news/us-news/russian-economy-freefall-mortgage-costs-34869686


Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

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[โ€“] [email protected] 12 points 2 weeks ago (43 children)

manufacturing index dropping from 53.1 points to 50.2 within a month

That is source for headline. Above 50 is still expansion. It's below 50 in US.

21% interest rates

Ruble is best performing currency over the year. Few Russians have mortgages, and housing affordability is good. Interest rates are high because of full employment created by highly paid military, and interest rate was set up to defend ruble.

behind closed door talks of layoffs in military industrial complex

Peace is expected to reduce the soaring military production that has since the war made Russia vastly outperform US colonies. Passing Japan and Germany in PPP (most important measure) GDP to 4th in world.

If you want Russia to stop growing so fast, give it peace. But it is dead wrong/false propaganda, that continuing to threaten its existence will cause it to be less determined and productive in fighting your evil.

[โ€“] [email protected] 4 points 2 weeks ago

The ruble is worth less than a handful of shit. Fuck off orc.

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