“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.”Georgieva said she believed the Russian economy also faced challenges related to an exodus of skilled workers and “because of the reduced access to technology that comes with ... sanctions.”
Bank of Russia Governor Elvira Nabiullina told lawmakers in Russia’s State Duma on April 8 that production in the country is being constrained by worker shortages, according to Reuters, although she noted that Russia’s economy was continuing to grow at an impressive rate.
These are strong headwinds to overcome.
President Putin is promising both guns and butter. He cannot deliver both.
Wars of attrition are bad for economies.
Building a thousand cars or in this case tanks…. And then getting them blown up does indeed add to gdp, but is it a positive?
All numbers are bs, but like China there is no way to confirm what Russia claims.
Time will tell
Putin is doing a decent job. Brics exports and imports are at a fraction of the US costs. Russia is watching the US strangle Europe over energy and our move towards integration with the EU has destroyed the EU over this war - all to line the pockets of the DC Crowd. Biden on the other hand has increased food prices nearly double since the start of the war in fastfood and 40% for groceries all the while US workers make 7% more. We have so much butter because no one is buying it.