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Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms (www.irishstar.com)

submitted 5 months ago by SalaciousBCrumb@lemy.lol to c/world@quokk.au

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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.

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[–] Yawweee877h444@lemmy.world 27 points 5 months ago (12 children)

Is the irishstar trustworthy?

[–] Skua@kbin.earth 51 points 5 months ago (2 children)

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

[–] psud@aussie.zone 6 points 5 months ago* (last edited 5 months ago) (1 children)

Specifically Reuters say Russian interest rates are 10%, irishstar says 20%

The rest of the irishstar article is "this person says..."

[–] Skua@kbin.earth 1 points 5 months ago

Reuters says inflation is 10%, not interest (unless you're referring to a different article?)

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