Russia's wartime economy now has more and more pressure.
俄羅斯的戰時經濟現在壓力越來越大。
Military spending is very big. The budget deficit keeps growing.
軍費開支很大,預算赤字不斷增加。
Consumers and businesses feel more pessimistic.
消費者和企業更加悲觀。
Economic growth has also become slower.
經濟成長也變慢了。
But economists say this does not mean a financial crisis or collapse will come soon.
不過經濟學家說,這些不代表很快就會有金融危機或經濟崩潰。
The war in Iran made oil prices go up.
伊朗戰爭讓油價變高。
So Russia's important oil export income can still continue.
所以俄羅斯重要的石油出口收入還能維持。
The government still has money, at least for now.
政府至少現在還有錢。
This money is used to pay for the war in Ukraine.
這些錢用來支付烏克蘭戰爭。
This war has already lasted four and a half years.
這場戰爭已經打了四年半。
The unemployment rate is very low.
失業率很低。
The government also gives a lot of money to poor areas.
政府也給貧困地區很多錢。
All of this helps to reduce people's unhappiness.
這些都有助於減少民眾的不滿。
But economists warn that long-term problems are hurting the base.
但經濟學家警告,長期問題正在破壞基礎。
One day this may cause a crisis.
有一天可能導致危機。
Consumer confidence has fallen since its peak in 2024 to 2025.
消費者信心從2024到2025年的高峰以來一直下降。
Economic growth has slowed. It was over 4% in 2023 to 2024.
經濟成長從2023到2024年超過4%的高峰變慢。
The government expects growth of 0.6% this year.
政府預計今年成長0.6%。
By the end of July, the budget deficit reached 2.8% of yearly economic output.
到七月底,預算赤字已達年度經濟產出的2.8%。
This is almost twice the original target.
這幾乎是原定目標的兩倍。
Chris Weafer is the CEO of Macro Advisory. He says the economy is in a "tolerable stable" state.
宏觀諮詢有限公司執行長克里斯·威弗說,經濟處於「可容忍的穩定」狀態。
People's mood is "complaining", not protest.
民眾的情緒是「抱怨」,不是抗議。
Torbjorn Becker is from the Stockholm School of Economics. He thinks the current path is "not sustainable".
斯德哥爾摩經濟學院的托爾比約恩·貝克爾認為,現在的路線「不可持續」。
But it is still very uncertain when a crisis will happen.
但危機何時發生還很不確定。
Andrei Klepach is the chief economist at VEB.RF, a Russian state bank. He warns that Russia is falling behind in world technology and economic competition.
俄羅斯國有開發銀行VEB.RF首席經濟學家安德烈·克列帕奇警告,俄羅斯在世界技術和經濟競爭中正在落後。
He also said Russia cannot win this war of attrition.
他也說,俄羅斯無法在這場消耗戰中取勝。
He was then fired.
他隨後被解職。