Russia Forecasts a Recession in 2015, Signaling a Toll From Sanctions and Oil Prices
In another worrying sign, Russians have been bulking up on consumer items as the ruble depreciates, converting savings into durable goods lest their savings become worthless. Appliance stores in Moscow have seen runs on refrigerators, washing machines and televisions. It is a pattern seen before previous ruble crashes indicating evaporating faith in the currency.