Russia's economy risks stalling as fighting extends beyond Ukraine and into border regions
Russia's economy risks stalling as fighting spreads beyond Ukraine and spills over into border regions, causing tens of thousands to flee.
Bloomberg Economics said full-scale fighting in border regions may lower the Russian economy's growth outlook toThat compares with the Russian central bank's forecast for the economy to grow by 2% this year, reaching pre-war levels at the end of next year. And the Economy Ministry has estimated GDP of more than 1%.
Shebekino, a border town known for producing pasta, has also undergone shelling. According to The New York Times, nearly the entirety of its"Hundreds of shells a day!" a resident told the Times."Factories hit! I can't explain this."
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