💨 Abstract

The article discusses how Russia's economy is facing cooling due to fiscal stimulus, high interest rates, inflation, and Western sanctions, but a potential end to the Ukraine war, backed by U.S. President Donald Trump, could bring economic relief and sanctions relief. This could ease labor market pressure and reduce inflation, but the defense spending, which accounts for a third of the budget, may not decrease significantly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖