INSUBCONTINENT EXCLUSIVE:
While stating that inflation was likely to exceed its previous forecast for 2024, it said it still expects inflation to drop to 4-4.5% in
since it sent troops into Ukraine in February 2022, triggering a barrage of Western sanctions and strict countermeasures in a bid to
is set to spend almost 9% of its GDP on defense and security this year, a figure unprecedented since the days of the Soviet Union.That surge
in state spending, combined with record labor shortages across a number of sectors, has created an inflationary spiral that Russia has been
spending is being directed by the state, which is less responsive to higher borrowing costs, analysts fear interest rate rises may not be an
emergency 20% rate introduced shortly after the invasion of Ukraine
25.AFP contributed reporting.
