Russia's war economy deepens a worsening labour shortage
Russia's expanding defence-industry output is helping prop up economic growth in the fifth year of the war in Ukraine, but record-low unemployment and a shrinking labour pool are deepening staff shortages in civilian sectors, Anadolu Agency reports.
Russia's rising defence-industry output is among the main forces keeping the economy growing in the fifth year of the war in Ukraine, Anadolu Agency reports. But that expansion is putting visible strain on the labour market.
Unemployment near historic lows and a limited pool of available workers are making it harder for civilian, non-defence sectors to find staff. Firms are lifting wages to attract qualified employees, which in turn feeds cost and inflation pressures.
Analysts point to questions over the sustainability of a growth model leaning heavily on war spending. How the picture evolves will be watched closely. This article is not investment advice.
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