Past stimulus has led to households and businesses accumulating significant cash reserves, enabling sustained spending amidst high inflation and interest rates. The high employment levels in Russia support consumption, with businesses reluctant to lay off workers due to labor shortages. Russia's economy has also benefited from the reopening of businesses under Russian management that were formerly owned by Western investors. Despite sanctions, Russia has restructured its trade relationships with other countries, providing a lifeline in the global economy.
In Russia inflation is under control, wages are on the up and supposedly tough sanctions have been successfully skirted. Why is the pariah economy proving so resilient? Despite the nasty rhetoric of many of its politicians, Britain has turned out to be quite good at assimilating immigrants (09:29). And how lorries can be electrified faster (19:11).
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