'No sane investor' could be fooled by Putin's charade of optimism for Russia's economy, researcher says
Russia's economy is weakening amid its invasion of Ukraine — no matter how much Vladimir Putin tries to convince the public otherwise, according to Carnegie researcher Alexandra Prokopenko.
GDP could grow as much as 2% this year, Putin estimated, adding that the nation's military spending had only resulted in a"small" budget deficit so far. He also touted the strength of Russia's labor market, which saw its unemployment rate drop to 3.3% in April — the lowest the nation has ever recorded., Prokopenko argued that points to signs of overheating.
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