Russian economy heading for meltdown

[ericbj]

It may be helpful to compare diverse sources for economic information.

 

If you want misinformation you cannot beat Ukrainian sources, much relied upon by NATO governments and MSM.  Examine their record of disproven stories.

 

And British Intelligence is eloquently unreliable.

 

Certainly, Russian sources do not tell the whole truth.  But they come closer.

 

https://www.visualcapitalist.com/economic-growth-forecasts-for-g7-and-brics-countries-in-2024/

 

[Taxi]

Russia to grow faster than all advanced economies says IMF

https://www.bbc.com/news/business-68823399

 

Russia is the fastest growing economy in the world. it also bigger than the UK, France and Germany.

 

https://www.intellinews.com/russia-overtakes-germany-to-become-fifth-biggest-economy-in-the-world-in-gdp-on-a-ppp-basis-286944/

 

 

[Lacessit]

Russia has 21% interest rates, 8.5% inflation. The ruble has lost about 17% against the dollar. India and China will only trade with it in their currencies.

 

On paper, Russia's GDP looks great. Wartime economies do that, but also starve the consumer sector.

 

The flight of Western capital and technology means Russia only has its home-grown scientists and engineers to keep the oil fields running. They are all retiring, without replacement, as the Russian education system collapsed in the mid-80's.

 

After seeing how easily Russian armaments are getting obliterated in Ukraine, purchasers of their military equipment presumably have significant buyer's remorse.

 

Russia also has a demographic crisis. The population is collapsing, and the meat grinder in Ukraine is not helping. Neither is the drain of able-bodied men leaving, to avoid being drafted.

 

It's pretty obvious the sanctions and market losses are hurting Russia, irrespective of what bluster comes out of the Kremlin that it is not.

[jvs]

 

57 minutes ago, Lacessit said:

Russia has 21% interest rates, 8.5% inflation. The ruble has lost about 17% against the dollar. India and China will only trade with it in their currencies.

 

On paper, Russia's GDP looks great. Wartime economies do that, but also starve the consumer sector.

 

The flight of Western capital and technology means Russia only has its home-grown scientists and engineers to keep the oil fields running. They are all retiring, without replacement, as the Russian education system collapsed in the mid-80's.

 

After seeing how easily Russian armaments are getting obliterated in Ukraine, purchasers of their military equipment presumably have significant buyer's remorse.

 

Russia also has a demographic crisis. The population is collapsing, and the meat grinder in Ukraine is not helping. Neither is the drain of able-bodied men leaving, to avoid being drafted.

 

It's pretty obvious the sanctions and market losses are hurting Russia, irrespective of what bluster comes out of the Kremlin that it is not.

Yes i totally agree but beware some one will call you names because he knows best.

Right Moddapunk?

 

[TedG]

1.00 dollars will now buy 100 rubles.  In 2020, 1.00 dollars was equal to 62 rubles.