December 15, 2024

Ghost of Economy Future


Ghost of Economy Future
Russia's Ministry of Finance. Ludvig 14, Wikimedia Commons

Russian state media surveyed economic analysts on how they feel the Russian economy will perform in early 2025.

All analysts predicted an increase in the government's lending rate. Currently, the interest rate stands at 21 percent. Half of those surveyed feel it will increase to 23 percent at the next Central Bank meeting, with some saying it could rise to as high as 24 or 25 percent.

At the same time, unemployment is strikingly low: only 2.3 percent according to state data.

While this may be a good sign for the health of the Russian economy, at the same time, inflation has been worsening. Prices have been rising by between 7 and 9 percent per week. According to some analysts, the inflation rate by the end of December could reach 9.6 percent. In addition, the Russian ruble has lost much of its value in international markets.

The picture painted by this data, as well as the analysis by Russian experts, is that the Russian economy is strong, but volatile. It will need to slow down and stabilize.

The recommended course of action? Control government spending and calm the geopolitical situation.

You Might Also Like

Playing With Fire
  • October 15, 2022

Playing With Fire

Maria Yudina was a profoundly gifted pianist and teacher. And there is a certain lingering myth about her...
Welcome to the Vault
  • November 25, 2024

Welcome to the Vault

Russia is beginning the serial production of mobile nuclear shelters.
Like this post? Get a weekly email digest + member-only deals
[INVALID]
[INVALID]

Some of our Books

Davai! The Russians and Their Vodka
November 01, 2012

Davai! The Russians and Their Vodka

In this comprehensive, quixotic and addictive book, Edwin Trommelen explores all facets of the Russian obsession with vodka. Peering chiefly through the lenses of history and literature, Trommelen offers up an appropriately complex, rich and bittersweet portrait, based on great respect for Russian culture.

The Little Humpbacked Horse
November 03, 2014

The Little Humpbacked Horse

A beloved Russian classic about a resourceful Russian peasant, Vanya, and his miracle-working horse, who together undergo various trials, exploits and adventures at the whim of a laughable tsar, told in rich, narrative poetry.

The Samovar Murders
November 01, 2019

The Samovar Murders

The murder of a poet is always more than a murder. When a famous writer is brutally stabbed on the campus of Moscow’s Lumumba University, the son of a recently deposed African president confesses, and the case assumes political implications that no one wants any part of.

Murder at the Dacha
July 01, 2013

Murder at the Dacha

Senior Lieutenant Pavel Matyushkin has a problem. Several, actually. Not the least of them is the fact that a powerful Soviet boss has been murdered, and Matyushkin's surly commander has given him an unreasonably short time frame to close the case.

Woe From Wit (bilingual)
June 20, 2017

Woe From Wit (bilingual)

One of the most famous works of Russian literature, the four-act comedy in verse Woe from Wit skewers staid, nineteenth century Russian society, and it positively teems with “winged phrases” that are essential colloquialisms for students of Russian and Russian culture.

A Taste of Chekhov
December 24, 2022

A Taste of Chekhov

This compact volume is an introduction to the works of Chekhov the master storyteller, via nine stories spanning the last twenty years of his life.

The Moscow Eccentric
December 01, 2016

The Moscow Eccentric

Advance reviewers are calling this new translation "a coup" and "a remarkable achievement." This rediscovered gem of a novel by one of Russia's finest writers explores some of the thorniest issues of the early twentieth century.

The Latchkey Murders
July 01, 2015

The Latchkey Murders

Senior Lieutenant Pavel Matyushkin is back on the case in this prequel to the popular mystery Murder at the Dacha, in which a serial killer is on the loose in Khrushchev’s Moscow...

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955