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submitted 3 weeks ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

ahead of Germany and Japan. Using PPP GDP measure.

a more detailed, but biased, article https://www.lewrockwell.com/2024/11/no_author/russian-economy-zooms-ahead-outpaces-us-and-eu-growth/

There is more likely to be a collapse on the west from supporting a Ukraine war. There is zero resonance of "NATO is a purely defensive alliance" propaganda meant to be a friend to the world or to Russia inside of Russia. It is fully understood as an existential threat in Russia, while it is a casual inconvenience to those who trust western media in the west. A deep concern for the world/west is that Russia's extreme growth in military production means that we will soon be asked to boost competing military production and compromise our own sustainability and leisure.

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[-] Drewfro66@lemmygrad.ml 4 points 3 weeks ago

Trade sanctions mean that an economy must become more self-sufficient, and self-sufficiency in this case has grown the economy because Russia has expanded the production of input resources - the U.S. gambled that the Russian economy would collapse without trade in required precedents but they have managed to supply them themselves or through trade with less belligerent powers

[-] breadsmasher@lemmy.world 3 points 3 weeks ago
[-] davel@lemmy.ml 10 points 3 weeks ago
[-] thesporkeffect@lemmy.world 5 points 3 weeks ago

Not even a political take, just true

[-] humanspiral@lemmy.ca 0 points 3 weeks ago

They don't tend to lie such as hyping up Russia though.

[-] StrawberryPigtails@lemmy.sdf.org 3 points 3 weeks ago

Last I heard (several months ago, admittedly), Russia had stopped sharing the data needed to validate their economic reports. As a result I immediately distrust anyone saying anything definitive (up or down) about Russia’s economy.

Additionally, this is the first I’ve heard of either site you’ve linked to, so I call bullshit. This doesn’t fully track and can’t be verified.

[-] humanspiral@lemmy.ca 0 points 3 weeks ago

it's 2023 data. Article explains it ok. Wapo did a piece on how Russian economy was booming this year as well. Wages are high as an alternative to joining army.

[-] The_Che_Banana@beehaw.org -2 points 3 weeks ago

Yeah, but it's a house of cards. Infrastructure, education and other key social programs have been stripped bare to keep the house afloat.

If they can keep it up long enough to win it may not collapse....that's a big if, especially if they're bringing in N. Korean fodder.

[-] davel@lemmy.ml 3 points 3 weeks ago

[Citation needed]

That sounds more like the increasingly neoliberalized imperial core than anywhere else.

this post was submitted on 02 Nov 2024
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Economics

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