Russian Economy Defies Predictions of Collapse After Ukraine Invasion
- Russian economy has defied expectations and avoided collapse after Ukraine invasion
- Inflation was a major concern last year, accelerating rapidly to 7.5%
- But latest data shows inflation slowing down, possibly to 4% soon
- Tough monetary policy from central bank likely deserves credit for easing inflation
- Economy proving resilient due to past stimulus, sanctions-busting, and new trade ties
