JP Morgan. Russian economy to shrink by 35%.

[Happy Hoosier]

Oh fuuuu.... Russia is in for a world of hurt...

https://www.cnbc.com/2022/03/03/russia-ukraine-live-updates.html

[Lovie777]

1. Not low enough.

[Bernardo de La Paz]

2. It will happen fast. JPM says 2nd quarter. Greedy Putin got way too greedy. He's finished

Important point: by the end of the second quarter, there will be no signs of let-up on the sanctions unless Putin has been forcibly retired, one way or another (oligarchs or generals or inner circle). Even then it will take a long time for sanctions to ease off.

[JasonMain]

3. Great news thanks.

[Scrivener7]

4. The vast bulk of imports and exports have stopped, they can't sell their

oil, their money is completely devalued, their overseas assets are forfeit.

I would think it's a lot more than 35%.

[VMA131Marine]

5. During the Great Depression ...

the US economy shrank by only 30%

[JohnSJ]

6. I hope JPM is wrong

I hope it is more like 50% or more

[samsingh]

7. i think it's going to be worse for russia. Even Europe is willing to drop gas purchases

from that stupid country. Once that ripples through and other countries don't buy their oil, it's going to be a lot more than 35%.

all putin has accomplished is to kill a lot of innocent people, while destroying russia and permanently destroying any chance of the ussr ever coming back in any form.