Is a Recession in Russia Inevitable?

The transcript discusses Russia's anticipated recession, with the government predicting a 0.8% economic contraction. It highlights the expected 3% drop in household incomes and compares current economic conditions to the early years of Putin's presidency. The ruble's devaluation is noted, with no expected intervention from the government, despite inflationary pressures. The situation is contrasted with past economic growth and the impact on Russian citizens' purchasing power.

What is the expected contraction percentage of the Russian economy next year according to the Economy Ministry?

• 4.0%

• 3.0%

• 1.2%

• 0.8%

How much are household incomes expected to fall in Russia next year?

• 2%

• 4%

• 1%

• 3%

What is the Russian government's stance on intervening in the ruble's devaluation?

• They are considering intervention.

• They plan to intervene immediately.

• They will intervene if the ruble hits 70 to the dollar.

• They have decided not to intervene.

What is one of the reasons the Russian government is allowing the ruble to devalue?

• To increase exports

• To balance the budget

• To attract foreign investment

• To reduce inflation

How might the devaluation of the ruble affect Russian consumers who buy foreign goods?

• It will increase the availability of foreign goods.

• It will make foreign goods more expensive.

• It will have no effect on prices.

• It will make foreign goods cheaper.