Economic consequences of Russia's aggression as of 14.00 March 5th, 2022
![Economic consequences of Russia's aggression as of 14.00 March 5th, 2022](https://static.avamd.info/s/i/u/5a/400x300_5a3e29ae2515a57097a44aecd2f9c422___jpg____0_f93d32f6.jpg)
Russia's economy will fall by 20% due to sanctions in the second quarter according to JPMorgan’s estimates. As well as Russia risks default on public debt. Economists at JPMorgan Chase & Co. reported that they expect Russia’s GDP to decline by 7% in 2022, while Bloomberg Economics forecasts a decline of 9%.