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TabbHokie

Joined: 10/07/1999 Posts: 1737
Likes: 886


Russia will never be the same, 14 CNBC economic forecasters


Released today

Russia is forecast to get hit hardest of all. JPMorgan forecasts a 12.5% decline in GDP as the country’s economy buckles under the weight of unprecedented sanctions that have frozen its $630 billion in foreign exchange reserves and cut its economy off from the rest of the world.

The Institute for International Finance sees a 15% contraction, double the decline from global financial crisis. “We see risks as tilted to the downside. Russia will never be the same again” wrote IIF’s Chief Economist Robin Brooks.

(In response to this post by RUHokie)

Posted: 03/06/2022 at 8:55PM



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Current Thread:
  My experience with Russia says you are not far off ** -- CrystalCoveHokie 03/06/2022 6:52PM
  I agree -- hokiepokie4321 03/06/2022 6:18PM
  That's fair. Thanks ** -- HokieR 03/06/2022 6:24PM
  Yea man, On their social stuff -- hokiepokie4321 03/06/2022 7:22PM
  Agree on Peace -- TabbHokie 03/06/2022 7:00PM
  No -- hokiepokie4321 03/06/2022 5:35PM

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