4 ms·
Do you have any sources showing how the Russian economy is growing?
by phlipski 4y ago
Do you have any sources showing how the Russian economy is growing?
- timeon 4y agoEspecially since there are sources [0] stating the opposite. [0] https://www.ft.com/content/e4f0cb9b-695c-4cc3-92c8-f8371de2ac38 https://www.ft.com/content/e4f0cb9b-695c-4cc3-92c8-f8371de2a...
- unity1001 4y agohttps://www.reuters.com/markets/europe/russian-economy-contract-29-2022-economy-minister-2022-09-06/ https://www.reuters.com/markets/europe/russian-economy-contr... https://www.economist.com/finance-and-economics/2022/08/23/why-the-russian-economy-keeps-beating-expectations https://www.economist.com/finance-and-economics/2022/08/23/w...
- rsj_hn 4y agoWell what happened was that sanctions created a sharp, fast, contraction -- maybe 5% or so. Russia measures GDP year over year, so there are still declines. But the standard way of measuring GDP is continuously -- e.g. quarter over quarter, annualized. So according to more realtime data, the contraction lasted a couple of months and they are now in expansion, but it will probably be around 2Q 2023 before the year over year data turns positive. A reference is here, using Goldman-Sachs faster frequency data. https://www.economist.com/finance-and-economics/2022/10/11/as-europe-falls-into-recession-russia-climbs-out https://www.economist.com/finance-and-economics/2022/10/11/a...