Alexander Mercouris
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Russia Confirms Crimea Sabotage, Putin Chairs Security Meeting; Top Economists Warn Inflation Crisis Coming to Ukraine
News Topic 583
Several renowned economists call on Ukraine to change economic strategy
MOSCOW. Aug 15 (Interfax) – A prolonged crisis is becoming increasingly likely, a prospect that calls for a readjustment of Ukraine’s macroeconomic strategy, nine renowned international and Ukrainian economists believe. “Unless altered, this course will result in a major economic crisis,” Ukrainian media outlets said, citing recommendations issued by the London-based Center for Economic Policy Research (CEPR).
Several renowned economists call on Ukraine to change economic strategy
MOSCOW. Aug 15 (Interfax) – A prolonged crisis is becoming increasingly likely, a prospect that calls for a readjustment of Ukraine’s macroeconomic strategy, nine renowned international and Ukrainian economists believe. “Unless altered, this course will result in a major economic crisis,” Ukrainian media outlets said, citing recommendations issued by the London-based Center for Economic Policy Research (CEPR).
Meeting with permanent members of the Security Council
Vladimir Putin held a regular meeting with the permanent members of the Security Council, via videoconference.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Regarding the likelihood of Ukraine being able to control its Inflation:
Russia dealt with its inflation (which had risen to 18% due to sanctions) by rapid increase of interest rates to 20%. That meant that inflation continued to fall (now an annualised 15.1%) so that interest rates could be brought down to 8% within 5 months.
Ukraine however has already increased its interest rates to 25% and its inflation has further increased to 22.2% and expected to be 30% by year end.
And some further stats from yesterday TASS article: “Russian Economy Ministry expects inflation to reach 13.4% in 2022, GDP to drop by 4.2%” So after all those sanctions from hell, with the West throwing EVERYTHING it had at Russia in an attempt to crush the economy and bring the country to its knees, the end result has been a likely annualised inflation of 13.2% and a fall in GDP over the year of 4.2%. Meanwhile: “GDP Annual Growth Rate in Ukraine is expected to be -40.00 percent by the end of this quarter (Q3), according to Trading Economics global macro… Read more »
University of California BERKley…NOT BARKLAY!
Remember Kenneth Rogoff from years ago who used his supposed intellectual power in selling and justifying austerity, which hurt so many millions of people? It was the dynamic duo of Rogoff-Reinhart who put out their masterful study justifying the cruel austerity policies; turns out their Excel sheets of data contained errors, which was very damaging to their cause. But Rogoff and Reinhart went on to prestigious positions and money-making, having successfully done more harm to the little people on behalf of the elite. Today’s western economists are purely hired whores, in keeping with moral bankruptcy of western leadership and system.
No excuses the Russians got over confident and lax on security you have 3 sabotage in Crimea and the Wagner group was bombed well behind enemy lines. At some point there is need of the Russians to say they are in fact at war and act like it
PUTIN DESERVES BETTER ROLE UKRAINE