Russia's Resilient Market Economy Withstands Sanctions Better Than Expected
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The West assumed Russia had a state-run economy that would quickly collapse under sanctions, but Russia actually has a resilient market economy.
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Private Russian companies have adapted to sanctions by finding new customers and supply chains.
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Russia's economy is growing due to private sector employment and activity, not just military spending.
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Economist Vladislav Inozemtsev says Russia's 2023 GDP growth forecasts show its economy is not just a "war economy."
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Russia's economic growth is expected to slow in the coming years due to high interest rates hindering investment and spending.