September 7, 2022

Bloomberg: Russia expects a deep recession for 10 years

By Azlyrics

The publication named the most disappointing scenarios for the Russian government.

Russia may fall into an economic recession as a result of EU and US sanctions due to the threat to those industries that it has relied on for years for its income, Western experts believe.

According to Bloomberg authors, citing an internal report of the Government of the Russian Federation , of the three scenarios in the document, two show that the economic recession will increase in 2023 in the Russian Federation.

Analysts say that the economy will fall, and it will be able to return to the level before the start of the NWO only ten years or later.

The first, “inertial” the scenario includes a fall of the economy by 8.3% below the level of 2021 already in 2023.

Second, “stressful” suggests that in 2024 the drop will reach 11.9% compared to 2023. All this will take place against the backdrop of growing sanctions pressure.

The Russian government assumes that restrictive measures will be introduced by more countries, and the EU’s refusal from Russian oil and gas will hit the economic ability of the authorities to provide the market.

In addition to sanctions affecting 1/4 of Russian imports and exports, a “technical blockade” is predicted, which affects all types of transport, including the automotive industry and the supply of equipment and parts.

The third difficulty lies in the lack of professional personnel, primarily IT specialists, who can leave the Russian Federation in an amount equal to 200,000. The document confirms the so-called. “brain drain”.

However, Bloomberg also points out that the measures led to a crisis not only of the Russian Federation, but also of the initiators of the sanctions.

Data are given as an example German Bundesbank, predicted autumn inflation in the country in the amount of “double digits”. In Britain, inflation has already reached 10% for the first time in four decades.

The publication's experts say that the risk of an economic recession in Europe reaches its highest level for the first time since November 2020.

Earlier, Topnews wrote, that the Russian Federation manages to win in the oil confrontation despite all the sanctions.

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