Russia's wartime economy could be in it for the long-haul — or at least longer than expected.
A team of economists is unconvinced that Russia will tumble into economic collapse any time soon, as suggested by some analysts.
The paper counters notions that a Russian crisis will come as soon as next year, an argument made by economists such as Yuriy Gorodnichenko.
Don't underestimate domestic demandAccording to the report, Russia's domestic market has been an underrated factor behind the country's perseverance.
Sustainable war spendingSome have forecast an immediate recession if Russia's war in Ukraine ever ends, arguing that the Kremlin's massive war budget is responsible for the economy's continued survival.
Persons:
Yuriy Gorodnichenko, shouldn't
Organizations:
Center, UC Berkley, CASE, Kremlin, Moscow
Locations:
Russia, Europe, Russian, Moscow, Ukraine