Russia's economy has entered a recession as gross domestic output fell by 4% in the third quarter, according to first estimates published Wednesday by the national statistics agency, Rosstat. The drop in GDP follows a similar 4% contraction in the second quarter, as Western sanctions pummel Russia's economy following Moscow's offensive in Ukraine. The 4% drop in economic output between July and September was less than the 4.5% contraction analysts had expected.
Eh… I’m not wild about the idea of another Russia-centered collapse. I do hope that it transitions to a government that serves its people rather than a kleptocracy that enriches its leaders and feeds egos. But collapses are just as likely to wind up with another disaster, and I don’t wish that on the Russian people.
Are there options for fixing Russia that doesn’t include a collapse? Fascist states like Russia seem to have a very strong grip to power.