NEWYou can now listen to Fox News articles!
MILAN, Italy – The editor of one of Russia’s most respected independent economic journals grudgingly concedes team Putin is riding the sanction storm well.
“We’ve had some figures for the first half of 2022 released, and the overall feeling is much more optimistic than it was in March or April,” Peter Mironenko of “The Bell” tells Fox News.
“We see the figures. They are not manipulated. On the one hand we see economic downturn in the second quarter. GDP fell around 4% and in the third quarter we will have about 7%. This is recession. But the scale is much more modest than it was said to be three or four months ago.”
And less dramatic than it was in 2009 when war wasn’t waging; it’s also less than Russia’s Central Bank’s…
Read the Full Article Here Fox News