Russia to grow faster than all advanced economies says IMF
Russia to grow faster than all advanced economies says IMF
The IMF estimates Russia's economy will grow faster than the likes of the US, UK and Germany this year.
Doesn't massive investment into the military present generate an enormous, but false, short-term economic boost that quickly dissipates as the military has very little economic follow-through?
8It doesn't have to be, military factories that produce military equipment can be converted into civilian factories that produce civilian commodities.
9The argument that Russian economy is primarily growing due to military spending doesn't really have any basis in reality.
8But you post this as a source, which quite literally states that the growth is coming from oil exports, and increasingly high levels of government spending (One can only wonder towards what). So is the source wrong?
If you go the IMF source this is drawing from, along with the Carniege Endowment shudder, both those sources that the BBC are drawing from describe the increase as coming from surging prices in oil and government investment into the MIC.
This increase also follows nearly a year of negative GDP growth in 2022, so if anything, Russia is simply regaining already lost ground.
https://www.statista.com/statistics/1009056/gdp-growth-rate-russia/
4