Lavrov: Recession Happens, Russia Will Not Cry Uncle

The video discusses the impact of pro-democracy protests in Hong Kong on the Hang Seng index, which fell significantly after police used tear gas on demonstrators. It also covers the New Zealand dollar's decline due to central bank interventions and Russia's economic challenges, including its decision to borrow at high interest rates amid a struggling economy and sanctions.

What was the main reason for the Hang Seng index's decline?

• A global economic downturn

• A government policy change

• Pro-democracy protests

• A natural disaster

What action did the New Zealand Central Bank take to influence the currency?

• Sold a large amount of currency

• Increased interest rates

• Implemented a new tax policy

• Restricted foreign investments

Why did the New Zealand Central Bank decide to pause its policy tightening?

• The economy was growing too fast

• Inflation rates were too high

• There was a change in government

• The Kiwi's level was deemed unjustified and unsustainable

What was Russia's response to its economic challenges?

• Borrowed at high interest rates

• Increased taxes

• Devalued its currency

• Cut public spending

How did the Russian Foreign Minister describe the country's economic situation?

• As a stable condition

• As a sign of growth

• As a temporary setback

• As a major crisis