4w ago

Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms

www.irishstar.com

Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

Russia's economy is teetering on the brink of collapse, with industrial production taking a nosedive and major corporations initiating widespread layoffs as the impact of a three-year war with Ukraine inevitably hits home.

Global News @lemmy.zip

BrikoX @lemmy.zip

4w ago

Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

www.irishstar.com /news/us-news/russian-economy-freefall-mortgage-costs-34869686

World News @lemmit.online

Lemmit.Online bot @lemmit.online

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4w ago

Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

www.irishstar.com /news/us-news/russian-economy-freefall-mortgage-costs-34869686

41 comments

Fear not, Trump, Orbán and other puppets will help.
- Race to the bottom!
  
  To rule over the ashes

Unbelievable how much Russians had to be brainwashed and poor under USSR to still accept this in 2025.
- What are we doing about the bullshit happening in USA? Regime change isn't easy.
- Russian jingoism dates back to the tsardom. Virtually no one realises the Russian worldview that Russia is on its own who need to carve up their own sphere of influence to protect itself. And each major powers could do so on their own especially China with whom they share-- in Russian belief-- a space in the more important Eurasian heartland (contrast to Western Europe where they believe Western Europe and North America is the centre of the world). Basically, the Russian worldview, and therefore foreign policy, is dog-eat-dog. "You have your territory, we have ours." Even prominent and seemingly liberal Russians, including Alexander Solzhenitsyn who was a critic of USSR, are ultranationalists and tribalists. Putin's late opponent, Alexander Navalny, is also nationalistic and have poor view of the West. Only a handful of Russians look towards the West and searching for closer ties.

Is the irishstar trustworthy?
- No. It's part of Reach plc, who are responsible for many of Britain's shittiest tabloids
  It might still be correct here - other more reputable outlets like Reuters have reported on the troubles of the Russian economy - but I would not trust this by itself
  
  Specifically Reuters say Russian interest rates are 10%, irishstar says 20%
  The rest of the irishstar article is "this person says..."
- How long is a piece of string? It's a British tabloid. This is the American version it might be better quality.
  
  Wait a minute, how long is a piece of string?
- No. Its a tabloid.
- It’s a rag with a sleazy history https://en.wikipedia.org/wiki/Irish_Daily_Star
- It quotes analysts.

Finally the manpower shortage at the front will be solved!

Hopefully the Russian soldiers surrender soon.

As is predicted. Even if the conflict ends and Moscow spins the aftermath as somehow a victory for Russians, reality will still haunt and bite them back.
- It was and still is a very costly war. He even fired the old head of defense for an economist. It's that important. Recovery is probably going to be really rough, especially if he can't plunder Kiev.
  
  Some could argue that the minerals in captured Eastern Ukraine could pay dividends for Russia, but it may not necessarily matter because Russia already has its own huge mineral reserves that pale what is in Eastern Ukraine.

Interesting. Sounds like China is tired of propping them up. If China hadnt helped them out they'd be selling Siberia to China right about now. Xi Jinping might have wasted this conflict.

i wish the worst for russia

Putin can't have all those soldiers die and not have anything to show for it. People would be too angry. Between the deaths and the austerity, he's in a bind and has to justify the hard times.

Ukraine needs to surrender ASAP!!!!
- "You dont have the cards!!!"
  "Im not playing cards."
  
  but did you say thank you today?
- Why? Russia is desperate
- You're posting in lemmy. These people don't get sarcasm unless you whack them in the head and explain the joke. They, uh, lack basic social skills, like, all of the skills.
  
  Or you could just choose not to be an asshole?
  If they meant it as a joke or as sarcasm, they could simply add a /s on the end. Then they would still be downvoted, because it's a pretty thoughtless and dumb thing to say, but at least their intent would have been clear.
  I think people on Lemmy actually excel in social skills, especially empathy. They have had it with everyone posting absolute shit and when being called out go "It's just a prank bro". No, stop your dumb shit, it is not acceptable behavior.
  
  Or it is Poe's Law and is not easy to distinguish this type of nuance with so much context information removed (tone of voice, expression, etc) and also there is also the same opinion being genuine for some other person.
  
  Napping, talking trash, and masturbating are all skills. From a certain point of view.
  
  The funny thing the tankies did not fall for it to upvote...
  hmmmm but that's prolly because they recognize my handle.

41 comments