Better if you think that spending two brand-new top-notch hospitals a day on war is better than spending it on, random point from a loooong list of points, fixing district heating so people don’t freeze in their apartments.
If Russia was traded on the stock market their valuation would be close to negative: Management is ignoring opportunity costs, stuck scalp-deep in the sunken cost fallacy.
Also those GDP numbers tend to use standardised methods based on self-reporting, that kind of stuff can’t be trusted in Russia’s case it’s better to go by what erm investigative economists produce. Extrapolate GDP from cheese consumption based on old cheese popularity scores and whatnot.
It’s all on unsustainable borrowing from the future, so it’s all an illusion. Even if they win the war, they may not recoup that enough. Putin has gone all in on this.
Their economy had the most growth out of any G7 nation last year.
Being reported as “False”, but you aren’t wrong.
vs. Russia at 3.6% due in large part to explosive military spending.
https://www.reuters.com/world/europe/russias-gdp-boost-military-spending-belies-wider-economic-woes-2024-02-07/
Reading that does not make you think good economy.
Oh, it’s not, it’s just better GDP than the G7.
Better if you think that spending two brand-new top-notch hospitals a day on war is better than spending it on, random point from a loooong list of points, fixing district heating so people don’t freeze in their apartments.
If Russia was traded on the stock market their valuation would be close to negative: Management is ignoring opportunity costs, stuck scalp-deep in the sunken cost fallacy.
Also those GDP numbers tend to use standardised methods based on self-reporting, that kind of stuff can’t be trusted in Russia’s case it’s better to go by what erm investigative economists produce. Extrapolate GDP from cheese consumption based on old cheese popularity scores and whatnot.
It’s all on unsustainable borrowing from the future, so it’s all an illusion. Even if they win the war, they may not recoup that enough. Putin has gone all in on this.