Russia’s economy is much worse than it seems, and ‘elites are increasingly alarmed’ as alternate GDP gauge shows huge contraction
Sweden's government has presented alternative economic data for Russia, suggesting its economy has contracted by 8% since 2020, contrary to official Kremlin figures indicating growth. Swedish analysis also indicates significantly higher inflation and lower purchasing power than reported by Moscow. These findings suggest Russia's military spending capacity is weaker than perceived, despite some relief from higher oil prices due to the conflict in Iran. AI
