Ilya Vedmedenko18:53, 01/30/24
Russia’s high military spending last year plays a significant role in this.
The International Monetary Fund has raised its forecast for Russian GDP growth for 2024 to 2.6%: the IMF previously predicted growth of 1.1%. Such data are presented in a new review published on the organization’s official website .
The 2024 figure was revised upward by 1.5 percentage points from the October 2023 figure, reflecting a carryover from stronger-than-expected economic growth last year, driven by strong military spending and domestic consumption, supported by rising wages. wages in a tight labor market,” the organization’s report says.
The IMF said that at the end of last year, the Russian economy grew by 3%. At the same time, in 2025 the fund expects Russian GDP to grow by only 1.1%.
As for the global economy, the fund estimates that it grew by 3.1% last year. The forecast for this year has been raised to 3.1%. In 2025, the IMF expects the global economy to grow by 3.2%.
(C)UNIAN 2024
Seeing that russia has released no figures relating to their economy, where is the IMF getting their data from?
My thoughts exactly Foccusser Not only that but even if Moskali did put out numbers who is to believe them. These autocratic governments put out what they want. Anyone believe China had a 8% growth last year.
Konstantin from Inside Russia has explained everything about the moskali economy. Once the reserve fund dries up this year, russia will collapse.
The fact is that national service in democracies is actually the way to crush putler.
Lord Billy Hague makes the point very well:-
How come that putler knows this but we seemingly don’t?
It would help our economy and help us to help Ukraine defeat the putinaZi scum.
A tiny economy growing in comparison to Imperial and western economies is a bubble.
This is a naive fallacy. Any massive spending by a government will not bode well for the economy in the longer term. An increase in government expenditure stimulates spending, output, and employment. However, once full employment has been achieved, the stimulative effect of the government deficit becomes inflationary. And, according to the roaches, they have near full employment, seeing that the workforce is too small.