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Russia suffers stagflation, experts comment. Photo by Herald.co.zw
Russia is suffering from stagflation, a combination of stagnant economic growth and a high rate of inflation, the first deputy chairwoman of Russia's Central Bank said Wednesday.
"Basically, there is a group of countries with developing economies, including Russia, that face the problem of stagflation: slowing economic growth accompanied by a spike in inflation," Ksenia Yudayeva told the annual Gaidar Economic Forum in Moscow, cited by RIA News Agency.
Russia's gross domestic product last year increased by an estimated 1.4%, its lowest level since the 2009 recession.
Inflation in Russia has remained high in the last years. Despite an inflation-targeting policy, the Central Bank failed to keep consumer price rises within certain margins in both 2012 and 2013.
Economic Development Minister Alexei Ulyukayev warned on Wednesday that Russia's average annual economic growth rate over the next two years would not exceed 2.5%..
Ulyukayev told reporters that stagflation was an appropriate term to use in Russia today, RIA News reported.
A leaked transcript of a phone call between Hungarian Prime Minister Viktor Orban and Russian President Vladimir Putin shows Orban offering extensive support to Moscow and describing himself as ready to help “in any way” in relation to the war in Ukraine
Vladimir Putin stated that Armenia cannot realistically pursue membership in the European Union while remaining part of the Moscow-led Eurasian Economic Union, arguing that the two frameworks are fundamentally incompatible
A Russian An-26 military transport aircraft has crashed in Crimea, killing all 29 people on board, according to information released by the country’s defense ministry and cited by Russian state media
Four years after the liberation of Bucha, the town remains a central reference point for understanding the nature of the war in Ukraine and the limits of current diplomatic efforts.
Audio recordings allegedly capturing conversations between Russian Foreign Minister Sergei Lavrov and Hungary’s Foreign Minister Péter Szijjártó have been leaked to the media
Moscow has sharply criticized Bulgaria after the extradition of two Russian citizens to the United States, describing the move in unusually harsh terms.
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
In the 2026 edition of the Index of Economic Freedom, compiled by the Heritage Foundation, Bulgaria is placed 38th out of 176 countries, positioned between Costa Rica and Oman
Finance officials and the Bulgarian National Bank have issued a series of warnings about Bulgaria’s fiscal and economic outlook for 2026, highlighting rising pressure on public finances, slower growth, and higher inflation.
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