The Intelligence from The Economist cover image

The Intelligence: Bear up

The Intelligence from The Economist

Sustainable Spending and Employment in the Russian Economy

1min Snip

00:00
Play full episode
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.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode