XPost: sci.military.naval
<
https://archive.is/T167X> bloomberg.com
Russia appears on track for a much shallower recession than many
forecasters initially expected this year .. Economists from
JPMorgan Chase & Co., Citigroup Inc. and other big banks are
slashing their outlooks for the drop in output this year to as
little as 3.5% .. Officials in Moscow, some of whom saw a
contraction of as much as 12%, are now preparing to improve
forecasts to less than half that .. "Russia is tracking a far
milder recession than had been feared when the invasion began,"
JPMorgan economists wrote this week, cutting their expected
contraction to 3.5% this year from the 7% they expected in March
.. Consumer confidence has picked up and unemployment remains at
record lows. Data from cash registers show purchases in late
June picked up to pre-war levels ..
* * *
<
https://tinyurl.com/2p5r2jgw> thehill.com
With the Russian invasion of Ukraine now in its fifth month, Western
leaders are beginning to recognize, if not openly acknowledge, that
their unprecedented sanctions against Moscow are hurting their own
countries' economies without significantly crimping the Kremlin's war
machine ..
In fact, the fallout from the U.S.-led sanctions on Russia has ended
the era of cheap oil and gas and contributed to surging inflation,
supply-chain disruptions and a looming recession in the West ..
The sanctions have delivered Russia a windfall from high-price
energy exports that no Western-sponsored price cap can significantly
roll back ..
The Western discourse is finally beginning to face up to the
unpalatable realities .. The West's economic pain from sanctions ..
classic example of cutting off one's nose to spite one's face ..
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)