The Concis

The Concis

Share this post

The Concis
The Concis
Russia Has Entered Stagflation — and the Engine Is Gone
Copy link
Facebook
Email
Notes
More

Russia Has Entered Stagflation — and the Engine Is Gone

There ain't no coming back this time.

Shankar Narayan's avatar
Shankar Narayan
May 01, 2025
∙ Paid
73

Share this post

The Concis
The Concis
Russia Has Entered Stagflation — and the Engine Is Gone
Copy link
Facebook
Email
Notes
More
11
16
Share

This isn’t the first time Goldman Sachs’ high-frequency indicator of Russian economic activity has flashed red. It did the same immediately after the invasion of Ukraine in early 2022. Back then, sanctions crushed trade and supply chains, and the economy fell off a cliff — briefly.

Image

Keep reading with a 7-day free trial

Subscribe to The Concis to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 The Concis
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More