JPMorgan said in a note Friday that Russia’s invasion of Ukraine is already having far-reaching repercussions to the country’s economy. Economists are forecasting a slowdown in the gross domestic prod...
Tag: 1998Like
JPMorgan Warns Russia Faces 1998-Like Collapse in Economy
(Bloomberg) — Russia is on course for an economic collapse that will rival or even eclipse the size of the 1998 slump which followed its debt default, although the financial fallout may be less ...