POLAND

Russia's Economic Stagnation: The Price of Militarization

Russia's economy slides toward stagnation with growth forecast around 1% in 2026, after two years of 4%+ expansion. The Central Bank cut its key rate to 15% but inflation remains sticky around 6.5-7%. With 38% of the federal budget devoted to defense and security, an acute labor shortage, and oil revenues down 50%, the war economy model shows its structural limits.

10 countries · 12 sources

+5