The Times: Russian economy shows resilience under the Ukraine-Russia conflict
The Times: Ukraine and its Western partners have failed to make Russia bear the cost of the war. In fact, for many Russians, the situation is just the opposite. This year's inflation rate is expected to be between 7.1% and 7.6%, but wages are also rising due to a tight labor market. During the war, the growth rate of actual wage income is faster than in the previous decade.
Sanctions have left an impact, but the withdrawal of Western competitors has also benefited many domestic Russian businesses. International companies that withdrew from Russia have mostly been replaced by domestic companies, such as the fast-food chain Vkusnaya Tochka replacing McDonald's, and Mir Kubkov replacing Lego.
A recent survey found that 42% of Russians believe the situation will improve in the next three to five years, while only 10% think it will worsen.
The speed of economic growth is the fastest in Europe.
Original article: https://www.toutiao.com/article/1833783485011968/
Disclaimer: The article solely represents the author's个人观点.
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