What's the Impact of Russia on the Economy?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Consumer confidence is not high, but it certainly isn't as low as you would expect. Confidence in the manufacturing and mining sectors is much higher than those who think sales will go down. But russia has been completely otra from the rest of the world. It's hard to make the case that there's been this massive shock to the Russian economy.

Western sanctions are intended to starve Russia’s economy and hinder its ability to wage war in Ukraine. And while the long-term outlook remains grim, so far oil and gas earnings have kept its economy humming. Why Latin America’s commercial capital isn’t even in Latin America: it’s Miami. And why France is building bridges over motorways for wildlife. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer