recession

Hormuz blockade could send oil to $130 and trigger recession on par with 2008 crash

If the blockade of the Strait of Hormuz extends into August, it could push the global economy into a downturn comparable to the 2008 world financial crisis, Bloomberg reported on May 21, citing analysts at U.S. consulting firm Rapidan Energy Group.

22 May, 01:20 PM

Soaring oil prices will not save Russia's sluggish economy from recession — Bloomberg

The sharp spike in oil prices caused by the war in the Middle East is unlikely to help Russian dictator Vladimir Putin revive Russia's sluggish economy, now verging on recession, Bloomberg reported on April 22.

22 April, 02:25 PM

Putin grills officials on Russia’s economic woes

Russian dictator Vladimir Putin chaired a government meeting on economic issues and demanded explanations after macroeconomic indicators fell short of government and central bank forecasts, state propaganda agency RIA Novosti reported on April 15.

15 April, 09:11 PM

Russian economy shows worst performance since major sanctions, analysts confirm

Russia’s economy is experiencing systemic deterioration under the pressure of its own monetary policy, structural industrial degradation and exhausted consumer demand, with no key sector offering grounds for optimism, Ukraine’s Foreign Intelligence Service reported on April 13, citing the Institute of Economic Forecasting of the Russian Academy of Sciences.

14 April, 11:36 AM

recession