Russia’s economy is back on its feet
There's a reason for its resilience
IN EARLY APRIL we pointed to preliminary evidence that the Russian economy was defying predictions of collapse, even as Western countries introduced unprecedented sanctions. Recent data further support this view. Helped along by capital controls and high interest rates, the rouble is now as valuable as it was before Russia’s invasion of Ukraine in late February (see top chart). Russia appears to be keeping up with payments of its foreign-currency bonds.
This article appeared in the Finance & economics section of the print edition under the headline “‘Tis but a flesh wound”
Finance & economics May 7th 2022
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- China’s erratic policies are terrifying investors
- India begins the privatisation of its huge life-insurance company
- Russia’s economy is back on its feet
- Watchdogs take a swipe at Apple Pay
- Will an ever feebler currency save or sink Japan’s economy?
- Desperate Lebanese depositors are taking their banks to court
- Who wins from carnage in the credit markets?
From the May 7th 2022 edition
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