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Moscow Faces Stagflation Threat Amid Economic Instability

6/9/2025

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Summary

Story summary

Moscow's economy teeters on the brink of "stagflation," with a troubling report forecasting a possible recession in 2025. As GDP growth dwindles to 1.4% and inflation soars to 9.8%, the central bank has slashed interest rates to 20% in a desperate bid to restore stability. The future looks uncertain for the city's financial landscape.

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Story summary

Moscow's economy teeters on the brink of "stagflation," with a troubling report forecasting a possible recession in 2025. As GDP growth dwindles to 1.4% and inflation soars to 9.8%, the central bank has slashed interest rates to 20% in a desperate bid to restore stability. The future looks uncertain for the city's financial landscape.