In late January, the International Monetary Fund more than doubled its forecast for the pace of the country’s economic growth this year, raising it from 1.1% in October to 2.6%.
Despite this, IMF Managing Director Kristalina Georgieva sees more trouble ahead for the country of roughly 145 million.
“What it tells us is that this is a war economy in which the state — which let’s remember, had a very sizeable buffer, built over many years of fiscal discipline — is investing in this war economy. If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down. And that is pretty much what the Soviet Union used to look like. High level of production, low level of consumption.”
- AllNewTypeFace ( @AllNewTypeFace@leminal.space ) English15•8 months ago
Never underestimate the Russian people’s capacity for suffering.
- apis ( @apis@beehaw.org ) English1•8 months ago
Indeed & this aches my heart.
Think we all get why they’re too cynical to kick off, but still.
- abbadon420 ( @abbadon420@lemm.ee ) English3•8 months ago
It’s almost like statistics don’t mean anything out of context. How weird!
- bAZtARd ( @bAZtARd@feddit.de ) English1•8 months ago
Hearing this propaganda for well over a year now. Any day now, Russia gon collapse.
Nah man. Looks like they are in for the long run and we better prepare for what’s coming.