3 ms·
This is some sort of horse-race journalism for quarterly and yearly economic indicators. The news are not good for Russia. The more interesting comment was bur
by dimitar 4y ago
This is some sort of horse-race journalism for quarterly and yearly economic indicators. The news are not good for Russia.
The more interesting comment was buried at the end - the IMF have upgraded the GDP growth from -6% to -3%, but that is apparently due to military spending (demand side of the economy). That is still negative. And even the military stimulus ils not something they can do indefinitely. Eventually OPEC+ will lower oil prices and Russia will suffer immensely.
In the long run the supply side is heavily damaged due to sanctions, lack of investment and brain-drain.