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Measuring Russia by GDP is like measuring a bank robber by their tax return. They have a shit ton of dark money that isn't calculated as part of GDP. Their eco
by mike_d 5y ago
Measuring Russia by GDP is like measuring a bank robber by their tax return.
They have a shit ton of dark money that isn't calculated as part of GDP. Their economy is also in much better shape even with the smaller official calculations, having external debt equal to 38% of GDP compared to 102% for the US.
- lnxg33k1 5y agoI mean are you really saying that italian mafia declares everything? Let's do mafias GDP then, let's see who has it bigger (As italian, neapolitan)
- KptMarchewa 5y agoWho cares about external debt when they are not going to pay it off?
- lnxg33k1 5y agoYou think so? I am not an expert but afaik it's not that Russia does a lot of things it needs internally and not paying debts doesn't really seem viable if you want to get a currency with which you can pay your procurements?