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Date: 2024-10-19 Page is: DBtxt003.php txt00025233
RUSSIA
JOE BLOGS ECONOMIC ANALYSIS
Joe Blogs: RUSSIA Shoots Itself in the Foot - Interest Rate Hike will Reduce GDP & Push Russia into Recession
Original article: https://www.youtube.com/watch?v=XwWAYIKn_KA
Peter Burgess COMMENTARY

Peter Burgess
RUSSIA Shoots Itself in the Foot - Interest Rate Hike will Reduce GDP & Push Russia into Recession

Joe Blogs

314K subscribers ... 30,826 views ... 2.8K likes

Aug 22, 2023

#ukrainewar #russia #ruble

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Russia's Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. The value of the Russian Ruble has COLLAPSED over the past 12 months and on Monday 14th Augurs was trading at MORE THAN 100 against the US Dollar for the FIRST TIME IN HISTORY. In response to this the Russian Central Bank called an EMERGENCY MEETING and increased interest rates by 350bps to 12%. In this video I discuss the implications of this interest rate rise on the Economy & how it could force Russian back into RECESSION.

For specific details please check out the CHAPTER list below.

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Chapters:
  • 0:00 Intro
  • 2:14 MOON LANDING FAILURE
  • 5:18 TRADE
  • 11:14 RUBLE
  • 13:06 INTEREST RATES
  • 14:41 INFLATION
  • 17:17 GDP
  • 19:00 SUMMARY & CONCLUSION
#ukrainewar #russia #ruble #globalfinancialcrisis #usdollar #SWIFT #CHINA #USA #NATO #WW3 #WORLDWAR3 Russian fossil fuel exports Russian Rouble/US$ Exchange rate Russia Interest Rate US Interest Rate UK Interest Rate Euro Area Interest Rate Russia Inflation Rate US Inflation Rate Euro Area Inflation Rate Russia GDP Growth Rate USA GDP Growth Rate Euro Area GDP Growth Rate

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