The Economist: Europe falls into recession while Russia emerges from it
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The British magazine The Economist believes that the economic war between Russia and the West has reached a critical moment. According to the publication, now the recession in Russia has probably come to an end, while in Europe it is just beginning. The magazine cites data from Goldman Sachs, which compiles a “current activity indicator” that captures monthly changes in the world’s economies. According to him, economic activity in Russia is higher than in other large European countries. The spending indicator prepared by Sberbank fell after the mobilization order, but has since risen again. Production in the automotive industry, which fell to near zero a few months ago, has also recovered. This indicates that Russian manufacturers have established supplies outside of Western countries, The Economist notes. In dollar terms, monthly imports of goods to Russia now almost exceed the average level of last year. According to The Economist, in September, Russians seized ruble…
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