GeoBITs

December 6, 2022

Russia & Europe

Economy

The Russian economy managed the shock of sanctions in 2022 relatively well, ending with a 2.1% contraction in GDP, although the sharpest downturn awaits in 2023, according to Russia’s Alfa-Bank.

• The emigration of potentially hundreds of thousands of Russians will cut the labor force by as much as 1.5%, diminishing domestic demand. A…