Russia’s economy is back on its feet
There's a reason for its resilience
IN EARLY APRIL we pointed to preliminary evidence that the Russian economy was defying predictions of collapse, even as Western countries introduced unprecedented sanctions. Recent data further support this view. Helped along by capital controls and high interest rates, the rouble is now as valuable as it was before Russia’s invasion of Ukraine in late February (see top chart). Russia appears to be keeping up with payments of its foreign-currency bonds.
This article appeared in the Finance & economics section of the print edition under the headline “‘Tis but a flesh wound”
Finance & economics May 7th 2022
- The Fed’s balance-sheet is about to shrink. Wall Street is not ready
- China’s erratic policies are terrifying investors
- India begins the privatisation of its huge life-insurance company
- Russia’s economy is back on its feet
- Watchdogs take a swipe at Apple Pay
- Will an ever feebler currency save or sink Japan’s economy?
- Desperate Lebanese depositors are taking their banks to court
- Who wins from carnage in the credit markets?
From the May 7th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game
Will Donald Trump unleash Wall Street?
Bankers have plenty of reason to be hopeful