bearish

Egypt, May 12th 2025,

192 Views12 May 2025 20:46
Syndicated
SUMMARY
  • Let’s not join the crowd of those happy to bash on experts, specialists, economists of all kind.
  • It is true though for example that 3 years ago, after Putin launched its special military operation in Ukraine and the following harsh sanctions, most predicted that Russia’s economy would shrink by 10 to 15 % and the currency to collapse.
  • It did go down by ..1.5 % in the first year and then recovered nicely showing growth for the past two years above 4 % ; the currency initially weakened and then recovered stronger.
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