Tag: consumer demand

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Economy Geopolitics

A Trillion Rubles Of Microloans: How Household Debt Is Pushing Russia Into Recession

Man walking infront of a building with russian words on it and a sign displaying numbers in red for doallars as well as pounds
A man passes the currency exchange office in central Moscow Sergey Bulkin/Russia Look/ZUMA

Aggressive lending is undermining Russia’s economy, and citizens’ incomes are not keeping up with expenses. It’s the clear sign of a looming economic crisis.

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