© Sputnik/Vladimir Astapkovich
RT: Russia becomes Europe’s biggest economy – report
The country’s GDP in PPP terms is outperforming that of Germany, according to World Economics
Russia was among the world’s five largest economies and the largest in Europe in terms of purchasing power parity (PPP) as of the end of 2022, despite Western sanctions, the latest World Economics report has revealed.
According to estimates based on official country data published by the World Bank and the IMF, Russia's gross domestic product was $5.51 trillion in PPP terms at the end of last year. The figure is 38% larger than the official estimate of $3.993 trillion, the report noted.
It also showed that the Russian economy was ahead of Germany’s when measured in purchasing-power parity, with the latter’s GDP at $5 trillion.
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WNU Editor: Some in the West are speculating that this is a bubble .... A Spending Boom Fuels Russia’s Wartime Economy, Raising Bubble Fears (Mew York Times). In certain areas maybe, but overall I see this economic boom continuing even after the war is over.
The world does not only need Russia natural resources, but it is dependent on it. Sanctions have put a break on the Russian economy, but on the plus side hundreds of billions of dollars no longer leave Russia each year. There is also the expectation that when the war is eventually over the lifting of sanctions will follow, and when that happens the economic expansion that will then follow will be massive.
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ReplyDeleteOh do be quiet.
Delete9:23 Democrat pregnant man female penis discharge and his vox article hyperlinks again.
ReplyDeleteAnyway.
Europe will still be buying Russian oil by the $billions this winter and over the net decade at least, because they adopted green energy policy before they could feasibly implement the technology and establish the infrastructure to accomodate it; much like Democrats are trying to do in the USA. All while we send money and military equipment to our disjunctive proxy in Ukraine to fight Russia with the money we and Europe are given them as well. More democrat policy that has zero calibration to reality, lacking any net value for the country itself. More larping; listen to the barking seals clap. Like 9:23. Good boi. Goooooodd booooiiiii.
Russia is forever changed as a result of its actions.
ReplyDeleteSanctions will not be lifted after the war unless there is regime change; in time, as history has shown, a hostile regime may gradually see its sanctions lifted but this would take a considerable amount of time.
Any hope of swift lifting of sanctions in Russia regardless of the war outcome, is extremely unlikely.
Which is exactly why a regime change in Russia is not only needed, but required, for economic and world stabiility.
Remember when they assured us Russia is weaker and poorer than Italy and that we would collapse their economy within the year?
ReplyDelete1041
ReplyDeleteYo need to wake up lad. The sanctions have been a failure. Did you take Econ Micro and Macro? Time for you to review the concepts of Import substitution and industrialization.
Russia is doing fine economically. And it looks like they will are doing good in the coming next 5 years.