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Some Russians are spending like no tomorrow with 'considerable' overheating in the economy

Russia's central bank hiked interest rates from 16% to 18% to cool its overheated wartime economy.

By: Business Insider

Jul 30 2024
1
185 Views

Some Russians are spending like no tomorrow with 'considerable' overheating in the economy — Some Russians are spending lik

The Paveletskaya Plaza shopping mall in Moscow, Russia.Getty Images

Russians are spending money freely, with consumption per capita surging over 20% from 2021 to 2023.
The spending c… [+3354 chars]
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