The Russian economy, currently booming due to large military orders, may soon face a significant recession. This downturn isn't tied to a single cause but stems from systemic issues that have worsened due to the "overheating" of the economy, driven by government spending on the military-industrial complex, according to Bloomberg.

Labor resources are nearly depleted, with intense competition between the military and civilian sectors for skilled workers. It's becoming increasingly difficult to find qualified employees or military personnel, even with substantial benefits and comfortable working conditions.

The construction and banking sectors, once key growth drivers, are also slowing down. High interest rates are halting most mortgage programs, which were heavily funded by the government. Last month, the government nearly stopped its mortgage subsidies, with no signs of resuming them.

Despite these challenges, experts predict that the gross domestic product (GDP) will grow by over 4% annually in the second quarter. However, there's no official forecast for future GDP growth, likely because even government analysts anticipate significant economic problems. Economists expect the Russian economy to slow, with GDP growth potentially dropping to 2%, and in the coming years, it could fall further to just 0.5%.

Elvira Nabiullina, head of the National Bank of Russia, noted that the economy's overheating is the worst since the 2008 financial crisis. She believes that labor force and production capacity reserves are nearly exhausted, casting serious doubt on continued economic growth.