this post was submitted on 26 Jul 2024

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Russia's economy is booming (www.intellinews.com)

submitted 3 months ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] welldraught@lemmy.ml 1 points 3 months ago (1 children)

Well there I would too disagree. His intuition was not completely wrong. Depending on what macroeconomic theory you like, gdp change and inflation are usually related. His interpretation was poor.

[–] yogthos@lemmy.ml 2 points 3 months ago

They're not directly related though, we often see growing GDP along with growing inflation. It's a perfectly normal scenario.