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Their economy is not growing, they're just dragging people out of unemployment because they're in a war economy. That makes GDP numbers look good but in reality
by ric2b 3y ago
Their economy is not growing, they're just dragging people out of unemployment because they're in a war economy. That makes GDP numbers look good but in reality they're getting their citizens killed and using a bunch of production capacity to build vehicles and weapons that get destroyed a few months later, they're getting poorer.
- cpursley 3y agoYes, their economy is growing and it's been widely reported. GDP PPP is now on par with Germany. And that's even after becoming the most sanctioned country on earth and cut off from SWIFT. Regarding "unemployment" - they've got historically low unemployment and an acute labor shortage at the moment. Also very widely reported.
- deleted 3y ago[deleted]
- ric2b 3y agoYes, those are all results of war economies. It looks really good on paper but such generic numbers like GDP aren't that useful when comparing very different types of economies. Russia has lost a significant portion of their export customers and is now losing a lot of productive capacity to keep the war going.