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Russia Will Soon Become the World's 4th Largest Economy: Putin | TeleSUR
(www.telesurenglish.net)
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this post was submitted on 29 Feb 2024
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How???
Genuinely? Even if they went absolutely ham and executed a full Stalin 4 year plan mega socialist overhaul of the economy, where would Russia get the extra 4 trillion dollars minimum to take that spot? Implying that none of the current spot holders have their economies grow.
Russia is going to overtake India, Germany, Japan, Brazil, France, and the UK? All of them?
It’s possible but it would take a socialist government over a decade like the Soviet Union did. How does Putin expect to accomplish this?
I imagine this is in terms of PPP, and I don't see why Russia overtaking Germany, France, UK, or Brazil is in any way surprising. Pretty much, all the European countries are seeing their economies going into recession now, and it's not clear where Europe can get cheap energy at this point. The whole economic model Europe relied on is now invalidated. Meanwhile, Brazil has a large population, but Russia is still more industrialized as far as I know.
The reality is that the west intentionally undervalued Russian economy to paint Russia as being backwards. Russian rouble was one of the most undervalued currencies according to the big mac index https://www.economist.com/big-mac-index
That's very interesting, and first time seeing this. Would be cool to see these figures re-cast without bullshit services such as finance and debt collection.
It's funny too how you can increase GDP just by charging for a service which was previously supplied for free eg healthcare and education.
At least in PPP Russia is already larger then Brazil, France and the UK, and Germany and Japan are both very quickly going down the shitter with no indications that they will ever bounce back anytime in the future. I don't think Russia will ever be larger then India going forward but hence 4th place instead of 3rd.
Right, the population is ultimately the big limiting factor for Russia. India has 1.4 billion people, and that translates to vastly large productive forces in the country. It just wouldn't make sense for a country of 144 million people to beat India in terms of productivity.