Economist Podcasts The Intelligence: Bear up
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Apr 9, 2024 
Callum Williams, Senior Economics Writer at The Economist, discusses the surprising resilience of the Russian economy, exploring how it navigates sanctions and capitalizes on Asian markets. Joel Budd, Social Affairs Editor, dives into Britain’s immigration policies, revealing a complex picture of successful integration amidst political backlash. They also tackle the challenges of electrifying heavy-duty vehicles, emphasizing the barriers imposed by battery technology and costs, while hinting at future advancements in road transport.
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Russia's Economic Resilience
- Russia's economy has defied expectations of collapse after the invasion of Ukraine.
- Inflation is falling, and economic activity remains stable.
Inflation Control Measures
- Russia's success in controlling inflation is attributed to both exchange rate controls and increased interest rates.
- The central bank's aggressive interest rate hikes have been key.
Impact of Sanctions
- Western sanctions have had a limited impact due to Russia reorienting its trade towards countries like India and China.
- This has allowed them to compensate for lost Western customers and maintain economic activity.