No updates, they keep on shelling Odessa, Kherson, Azovstal' that's it, no progression, it seems that orcs have no idea on what to do
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https://www.aa.com.tr/en/economy/ru...els-no-sign-of-economy-back-on-track/2589008#
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"The initial financial panic has indeed subsided, but that doesn't mean that the Russian economy is doing well. It's no way to say the Russian economy is resilient," said Sergei Guriev, an exiled Russian economist and professor at Sciences Po in Paris.
In an exclusive interview with Anadolu Agency, Guriev said the current forecasts for the Russian economy are not promising at all, noting that the Russian Central Bank's projections for 2022 showed that the economy
would experience a recession of 8% to 10%.
"Instead of pre-war forecasts of plus 3% growth, recent leaks suggest that internal government forecasts point to a minus 12% GDP change in 2022," underlined the seasoned academic, who served as rector at the New Economic School in Moscow until he left the country in 2013.
"This is the biggest recession in 30 years," he added.





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"The exchange rate is supported by draconian capital controls," he said. "Initially, the exchange rate plummeted, owing to capital flight. Exchange controls and other restrictions now prevent this from continuing."
Eichengreen argued that meanwhile, the Central Bank could support the exchange rate using dollars and euros obtained via energy exports. Hence, its recovery against the dollar and euro.
"But that's no sign of economic resilience," he underlined, adding that with inflation expected to reach 20%, there would be a significant deterioration in living standards.





