Russia Failing - Joe Blogs

[TexasTowelie]

Russia’s economy is sliding deeper into decline. According to new data from the Federal State Statistics Service (Rosstat), retail sales fell 3.7 percent in September — the sharpest monthly drop in years. But the problems run far deeper than falling consumer spending.

Industrial production is down, manufacturing is shrinking, and steel and car output have plunged. Inflation remains close to 8 percent, the Central Bank rate is 16.5 percent, and borrowing costs above 20 percent are crushing households and businesses alike.

Meanwhile, the cost of basic goods continues to surge:
🥔 Potatoes have soared in price
🧈 Butter is up more than 20 percent year-on-year
🍶 Vodka prices have climbed 17 percent since the start of the year

With rising costs, collapsing demand, and falling output, Russia’s war-time economy is running out of steam. The latest figures suggest a country struggling to keep its factories open and its citizens spending.

In this video, we looks at:
• Why retail sales have fallen so sharply
• How industrial and manufacturing sectors are being hit
• The impact of high inflation and borrowing costs
• What this means for the long-term health of Russia’s economy

For specific details please check out the CHAPTER list below.

Chapters:
0:00 Intro
0:59 FABRICATED METAL
2:09 MILITARY TRANSPORT
2:59 MANUFACTURING OUTPUT
4:06 INDUSTRIAL OUTPUT
4:48 CIVILIAN INDUSTRY
5:41 TOTAL OUTPUT
6:38 WORKFORCE
8:35 TECHNOLOGY
9:32 CIVILIAN SECTOR
10:30 INVESTMENT
11:49 SUMMARY & CONCLUSION