Russian Confidence Collapses - Joe Blogs

Russia's economy just hit a major red flag — business confidence has collapsed to 0% for the first time in years. In this video I break down the latest data from Russia's manufacturing sector, explain why output and demand are falling, and explore the deeper economic signals behind this dramatic shift in sentiment. With high interest rates, a strong ruble hurting exports, and weak domestic demand, is Russia heading for recession or worse?

Chapters:
0:00 Intro
2:59 PMI
5:06 CONFIDENCE
7:34 INTEREST RATES
9:40 INFLATION
12:05 WAGES
13:59 GASOLINE
16:34 SUMMARY & CONCLUSION