Jesus said that "Wisdom is vindicated by her works" (Matthew 11:19). The birth pangs of the destruction of the Russian economy can be seen clearly. Sky-high dogged inflation, labor shortages, lower labor productivity since the invasion of Ukraine, a Russian ruble decline and the threat of stagflation on the horizon. See: [https://www.themoscowtimes.com/2024/10/25/russias-central-bank-raises-key-rate-to-historic-21-signals-aggressive-fight-to-curb-inflation-a86806 Russia’s Central Bank Raises Key Rate to Historic 21%, Signals Aggressive Fight to Curb Inflation]. | Jesus said that "Wisdom is vindicated by her works" (Matthew 11:19). The birth pangs of the destruction of the Russian economy can be seen clearly. Sky-high dogged inflation, labor shortages, lower labor productivity since the invasion of Ukraine, a Russian ruble decline and the threat of stagflation on the horizon. See: [https://www.themoscowtimes.com/2024/10/25/russias-central-bank-raises-key-rate-to-historic-21-signals-aggressive-fight-to-curb-inflation-a86806 Russia’s Central Bank Raises Key Rate to Historic 21%, Signals Aggressive Fight to Curb Inflation]. |