No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 25, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Russia’s central bank reveals GDP is shrinking, a sign Putin’s war economy is in recession

by TheAdviserMagazine
1 month ago
in Business
Reading Time: 3 mins read
A A
Russia’s central bank reveals GDP is shrinking, a sign Putin’s war economy is in recession
Share on FacebookShare on TwitterShare on LInkedIn



The Bank of Russia lowered benchmark rates again on Friday and denied the economy is in a recession, even after its own data showed GDP has been shrinking this year.

The latest cut brought rates down by 1 percentage point to 17% and marked the third reduction since June as sky-high borrowing costs have helped cool inflation but are also straining the wartime economy.

While Russia had been remain resilient amid Western sanctions imposed after President Vladimir Putin launched his invasion of Ukraine in 2022, data from the central bank last week revealed more damage than previously thought.

A chart in a report showed GDP shrank on a sequential basis in the first and second quarters, meeting the definition of a so-called technical recession.

But central bank governor Elvira Nabiullina denied Russia is in a recession, pointing to other data points displaying more strength, like employment, real income, consumer demand and industrial production.

“We do indeed have a cooling of the economy. This is natural when coming out of overheating, when production capacity must catch up with demand,” she said at a news conference, according to Reuters.

The Kremlin has been pouring money into its war on Ukraine, with factories running hot to keep churning out more weapons while massive financial incentives are being offered to bring fresh recruits into the military. That’s led to labor shortages, stoking inflation.

As a result, the central bank hiked rates has high as 21% last year. Since then, more cracks have been appearing in the economy. Russian banks have raised red flags on a potential debt crisis as high interest rates weigh on borrowers’ ability to service loans.

In June, Economy Minister Maxim Reshetnikov warned that Russia was “on the brink” of a recession. And last month, Oxford Economics also said Russia is teetering on the edge of recession.

Last week, Sberbank CEO German Gref, one of Russia’s top banking chiefs, said the economy was in “technical stagnation,” following his warnings in July and August that growth was close to zero.

On top of that, Russia is having a disastrous harvest despite being an agricultural powerhouse, putting further pressure on the economy and the Kremlin’s finances.

Oil and gas revenue, which is Russia’s main source of funds, has also been collapsing this year on low crude prices and tighter Western sanctions. To fill budget deficits, Moscow has been draining its reserve funds, which could run out later this year.

On Saturday, President Donald Trump called on NATO countries to stop buying Russian oil and to hit China, a top customer of Russia’s crude, with secondary tariffs as high as 100%.

Doing so would help bring an end to the Ukraine war, he argued on social media. That’s after his meeting with Putin in Alaska last month yielded no progress on ceasefire talks.

Instead, Russia raised tensions with NATO by sending drones into Poland this past week, prompting fighter jets from the alliance to shoot them down.

“China has a strong control, and even grip, over Russia,” Trump posted, and powerful tariffs “will break that grip.”

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



Source link

Tags: bankcentraleconomyGDPPutinsrecessionrevealsRussiasshrinkingSignWar
ShareTweetShare
Previous Post

8 Data-Broker Opt-Outs That Protect Your Finances Fast

Next Post

Could Your Password Manager Be the Weak Link in Your Estate Plan?

Related Posts

edit post
Bharat Rasayan board okays stock split, issue of bonus shares

Bharat Rasayan board okays stock split, issue of bonus shares

by TheAdviserMagazine
October 25, 2025
0

Agro-chemical firm Bharat Rasayan's board has approved the sub-division of its equity shares and issue of bonus shares in a...

edit post
Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

by TheAdviserMagazine
October 25, 2025
0

The Giving Pledge was designed to hold the world’s richest people accountable for donating at least half their fortunes in...

edit post
A click lower, a tick higher

A click lower, a tick higher

by TheAdviserMagazine
October 25, 2025
0

Mortgage rates are wavering slightly today. According to Zillow, the average 30-year fixed mortgage rate has edged down four basis...

edit post
Markets pricey with modest EPS growth; autos, hospitality offer opportunities: Venkatesh Balasubramaniam of JM Financial

Markets pricey with modest EPS growth; autos, hospitality offer opportunities: Venkatesh Balasubramaniam of JM Financial

by TheAdviserMagazine
October 25, 2025
0

Venkatesh Balasubramaniam of JM Financial shared a comprehensive view of the Indian equity markets, highlighting the challenges and opportunities amid...

edit post
Like Milei, Trump also can’t stop Argentina’s peso from falling — ‘Will the U.S. get paid back?’

Like Milei, Trump also can’t stop Argentina’s peso from falling — ‘Will the U.S. get paid back?’

by TheAdviserMagazine
October 25, 2025
0

Argentina’s peso continues to sell off despite a U.S. rescue package, ahead of a key election that could trigger another...

edit post
US dollar makes modest weekly gain after soft inflation data

US dollar makes modest weekly gain after soft inflation data

by TheAdviserMagazine
October 25, 2025
0

The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased...

Next Post
edit post
Could Your Password Manager Be the Weak Link in Your Estate Plan?

Could Your Password Manager Be the Weak Link in Your Estate Plan?

edit post
7 Travel-Hacking Moves That Don’t Trigger Card Issuer Crackdowns

7 Travel-Hacking Moves That Don’t Trigger Card Issuer Crackdowns

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Bharat Rasayan board okays stock split, issue of bonus shares

Bharat Rasayan board okays stock split, issue of bonus shares

0
edit post
Social Security Will Get a Bigger Bump in 2026 — but Don’t Get Too Excited

Social Security Will Get a Bigger Bump in 2026 — but Don’t Get Too Excited

0
edit post
Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

0
edit post
How to Make 3% More Rent Automatically (Takes 5 Minutes) (Rookie Reply)

How to Make 3% More Rent Automatically (Takes 5 Minutes) (Rookie Reply)

0
edit post
Links 10/25/2025 | naked capitalism

Links 10/25/2025 | naked capitalism

0
edit post
Rebranded Multi-Asset Broker Scales Institutional Crypto Access

Rebranded Multi-Asset Broker Scales Institutional Crypto Access

0
edit post
Bharat Rasayan board okays stock split, issue of bonus shares

Bharat Rasayan board okays stock split, issue of bonus shares

October 25, 2025
edit post
Links 10/25/2025 | naked capitalism

Links 10/25/2025 | naked capitalism

October 25, 2025
edit post
Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

October 25, 2025
edit post
A click lower, a tick higher

A click lower, a tick higher

October 25, 2025
edit post
How to Use Your Illinois Car Accident Report in Insurance Claims

How to Use Your Illinois Car Accident Report in Insurance Claims

October 25, 2025
edit post
Markets pricey with modest EPS growth; autos, hospitality offer opportunities: Venkatesh Balasubramaniam of JM Financial

Markets pricey with modest EPS growth; autos, hospitality offer opportunities: Venkatesh Balasubramaniam of JM Financial

October 25, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Bharat Rasayan board okays stock split, issue of bonus shares
  • Links 10/25/2025 | naked capitalism
  • Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.