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

Some of our Books

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.

A Taste of Russia
November 01, 2012

A Taste of Russia

The definitive modern cookbook on Russian cuisine has been totally updated and redesigned in a 30th Anniversary Edition. Layering superbly researched recipes with informative essays on the dishes' rich historical and cultural context, A Taste of Russia includes over 200 recipes on everything from borshch to blini, from Salmon Coulibiac to Beef Stew with Rum, from Marinated Mushrooms to Walnut-honey Filled Pies. A Taste of Russia shows off the best that Russian cooking has to offer. Full of great quotes from Russian literature about Russian food and designed in a convenient wide format that stays open during use.

Life Stories
September 01, 2009

Life Stories

The Life Stories collection is a nice introduction to contemporary Russian fiction: many of the 19 authors featured here have won major Russian literary prizes and/or become bestsellers. These are life-affirming stories of love, family, hope, rebirth, mystery and imagination, masterfully translated by some of the best Russian-English translators working today. The selections reassert the power of Russian literature to affect readers of all cultures in profound and lasting ways. Best of all, 100% of the profits from the sale of this book are going to benefit Russian hospice—not-for-profit care for fellow human beings who are nearing the end of their own life stories.

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.

Fearful Majesty
July 01, 2014

Fearful Majesty

This acclaimed biography of one of Russia’s most important and tyrannical rulers is not only a rich, readable biography, it is also surprisingly timely, revealing how many of the issues Russia faces today have their roots in Ivan’s reign.

Driving Down Russia's Spine
June 01, 2016

Driving Down Russia's Spine

The story of the epic Spine of Russia trip, intertwining fascinating subject profiles with digressions into historical and cultural themes relevant to understanding modern Russia. 

Faith & Humor
December 01, 2011

Faith & Humor

A book that dares to explore the humanity of priests and pilgrims, saints and sinners, Faith & Humor has been both a runaway bestseller in Russia and the focus of heated controversy – as often happens when a thoughtful writer takes on sacred cows. The stories, aphorisms, anecdotes, dialogues and adventures in this volume comprise an encyclopedia of modern Russian Orthodoxy, and thereby of Russian life.

About Us

Russian Life is the 31-year-old publication of an award-winning publishing house that also creates books, 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