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     reduced in June, GS raised its forecast for annual inflation in the euro area to 10.3%.
Much uncertainty is related to the impact of the gas crisis in Europe on the rest of the world. Thus, according to GS, Europe, and primarily Germany, accounts for 28% of exports and 3% of US GDP. At the current level of gas supply, US GDP growth on an annualized basis could fall by 0.25 percentage points in the next three quarters, amid rapidly growing recession fears, this is no small amount.
 2.12 Russians have mixed views of the Ukraine war
    In June, the state-run VTsIOM pollster carried out a closed survey of Russians’ feelings about the ‘special military operation’ (as Russia officially describes its war). The survey, called ‘SMO: Problem Zones’, was discussed at a meeting within the presidential administration in late June, a Kremlin source told The Bell. The survey was also reported by Italy’s Corriere della Sera at the weekend, while Meduza uncovered the answers to one question last week.
The key findings from the survey:
· The most striking result is the equal split in answers to the question of whether it is more important for Russia to continue pursuing its military activities in Ukraine or enter peace talks. Each option attracted 44 percent of respondents, while a further 12 percent could not answer the question.
· Another question about the future of the operation went like this: “Some believe that the military operation in Ukraine must end as soon as possible. Others believe that the fighting should not stop now. Which point of view is closer to you – the first or the second?” Here, a majority supports the continuation of the war – 57 percent versus 30 percent, with the remainder unable to answer.
· The proportion of survey respondents who gave positive answers to a question about their support for the ‘special operation’ was 70 percent. This figure has remained consistently high throughout the campaign: the lowest number (65 percent in support) was reported on the day after the war began. Seventeen percent said they did not support the SMO and a further 13 percent were unable to answer.
· The 18-24 age group is least likely to support the ‘special operation’, with 37 percent ‘inclined not to support’ and 38 percent ‘inclined to support’ it. In the 25-34 group, these figures are 26 and 50 percent, respectively. Loyalty increases with age: there is 79 percent support among over-45s and 84 percent among the over-60s.
 32 RUSSIA Country Report October 2020 www.intellinews.com
 
























































































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