this post was submitted on 03 Feb 2024

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Russia grew faster than all the G7 economies last year and the IMF forecasts it will again in 2024 (lemmygrad.ml)

submitted 9 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmy.ml

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source https://www.ft.com/content/d304a182-997d-4dae-98a1-aa7c691526db
archive https://archive.ph/9PbSE

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[–] davel@lemmy.ml 6 points 9 months ago (1 children)

To make matters even worse, the GDP is usually a garbage neoclassical economics metric that doesn’t differentiate between the real economy and the FIRE economy.

[–] desentizised@lemm.ee 3 points 9 months ago

Yea I mean if we're talking percentage then the (pre-2022) reference point is the size of Spain's economy. And if it shrunk in 2022 then why shouldn't it be able to grow by 3% while at war right?