Putin's Economic Claims vs. Reality: An Expert Analysis

The Russian economy is facing a significant crisis, despite official claims of success. A recent video by Professor of economics highlights the stark contrast between Putin's pronouncements and the reality on the ground. The professor points to a severe labor shortage, a consequence of both emigration and the ongoing war. "Putin boasts about unemployment figures of only 2-3%, but this hides the fact that many workers have fled the country or been mobilized," he explains. High interest rates, reaching 28% annually, further indicate an overheated economy teetering on the brink of collapse. This economic instability, coupled with the war, presents a major challenge for Russia and its neighbors. The situation underscores the need for a more realistic assessment of the Russian economy and its long-term prospects.