
VOICED: Russian middle class hit by weak ruble
Interactive Video
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Business
•
10th Grade - University
•
Hard
Wayground Content
FREE Resource
The video discusses the financial struggles faced by individuals due to the collapse of the Russian ruble, which has led to increased loan repayments and a higher cost of living. Consumer prices have risen significantly, affecting shopping habits and forcing the middle class to cut back on spending. Pawnbrokers have seen a change in clientele as entrepreneurs seek quick cash. The ruble is expected to continue its decline, with analysts predicting further devaluation.
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