Posted 2/13/2024, 7:01:00 PM
Russia Faces Prolonged Economic Decline As Companies Flee and Educated Citizens Emigrate
- Russia's economic decline is still in early stages and will continue, per London think tank
- Russia masking significant economic degradation that will marginalize its global footprint
- Loss of human capital as educated Russians flee country and casualties mount
- Inflation high, central bank maintaining high interest rates eroding incomes
- Over 1,000 companies have withdrawn from Russia and are unlikely to return soon