Vladimir Putin’s Fortress Russia is crumbling
The chaos in Russian markets shows the impossibility of economic “self-reliance”
FOLLOWING RUSSIA’S invasion of Ukraine, an economic war has begun. The West has imposed unprecedented sanctions. Investors are dumping Russian assets as fast as they can. So far this year the rouble has lost one-third of its value. The government may soon default. Capital Economics, a consultancy, expects Russian inflation to hit 15% before long, with GDP falling by 5% this year.
This article appeared in the Finance & economics section of the print edition under the headline “From fortress to rubble”
Finance & economics March 5th 2022
- China scrambles to prevent property pandemonium
- War and sanctions means higher inflation
- The war in Europe is a triple whammy for emerging markets
- European banks have most to lose in Russia
- South Korea’s economy threatens to become like Japan’s
- Investors are terrible at forecasting wars
- Vladimir Putin’s Fortress Russia is crumbling
From the March 5th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania