Is Russia's Economy Really Hurting?

 

DW: Is Russia's economy really hurting? 

Despite Western sanctions, Russia seems to have won the energy market. But some say Moscow will soon run out of cash. 

Russia's economy was predicted to collapse after Western countries imposed unprecedented sanctions on Moscow over the war in Ukraine. But this week, the Russian statistics bureau Rosstat said gross domestic product (GDP) in the first six months of the year had fallen by just 0.4%. Capital investment is up, the ruble has rebounded and inflation — which soared when the war began — has started to subside, according to official data. 

This week, a top Russian government official predicted that GDP for the whole year would be just 3% lower and not contract by a third. So what is going on?  

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WNU Editor: The U.S. government's narrative is that the Russian economy is hurting (see above video). But Russia is doing better than most European countries .... Comparing Prices Between Russia And The U.K. (September 5, 2022).  

Update: Here is an interesting/contrarian point of view .... EU has banned rating agencies from reporting Russia’s miraculous economic rise (TFI Global).