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President Vladimir Putin said on Thursday that the West had triggered a global economic crisis and a wave of ruinous inflation by imposing on Russia the most severe Russia, however, stands out, with its GDP growth predicted to plummet from an estimated 4.3% in 2025 to a mere 1.5% in 2025. This drop of 2.8 percentage points

Global Economy in Acute Crisis: Is Vladimir Putin to Blame?

The global economy is facing turbulent times, sparking debate and concern worldwide. A key question arises: to what extent is Vladimir Putin's influence contributing to this acute crisis? Many analysts point to the war in Ukraine and its ripple effects on energy prices, supply chains, and international relations as significant factors exacerbating existing economic vulnerabilities. President Vladimir Putin said on Thursday that the West had triggered a global economic crisis and a wave of ruinous inflation by imposing on Russia the most severe sanctions in modern history. He argues that Western policies, not Russian actions, are primarily responsible for the current economic woes. However, the picture is far more complex. While sanctions undoubtedly have an impact, the global economic downturn is a result of multiple converging factors, including pre-existing inflation driven by pandemic-related stimulus measures, supply chain disruptions, and shifting geopolitical landscapes. The impact on Russia itself is undeniable. Russia, however, stands out, with its GDP growth predicted to plummet from an estimated 4.3% in 2025 to a mere 1.5% in 2025. This drop of 2.8 percentage points underscores the economic consequences of the conflict and the international response. While Putin attributes the crisis to Western actions, independent analysis suggests a more nuanced reality. The war in Ukraine, coupled with global inflationary pressures and supply chain vulnerabilities, has created a perfect storm. Understanding the interplay of these factors is crucial for navigating the challenges ahead and mitigating the potential for further economic instability. The future of the global economy remains uncertain, requiring careful monitoring and strategic policy responses from governments and international organizations worldwide. The debate about the role of Vladimir Putin and Russia in this crisis is likely to continue as the world grapples with its economic consequences.

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