Skip Navigation

World News @lemmy.ml ☆ Yσɠƚԋσʂ ☆ @lemmy.ml 3 mo. ago

Russia's economy is booming

www.intellinews.com Russia's economy is booming

Russia’s economy is booming. In the first quarter, Russian GDP grew by 5.4%, higher than in the fourth quarter of last year, albeit boosted by an ...

Russia's economy is booming

16 comments

Doesn't that mean the economy is shrinking since the 5% growth is less than the 7% inflation? (Inflation might be actually higher than that too) I didn't think that figure is using real gdp.

https://www.statista.com/statistics/276323/monthly-inflation-rate-in-russia/

https://en.m.wikipedia.org/wiki/Real_gross_domestic_product
- No it doesn't, inflation and economic growth aren't directly related. Russian economic growth has been around 5% https://www.statista.com/statistics/276951/gross-domestic-product-gdp-growth-rate-in-russia-by-quarter/
  
  But if you aren't using real GDP (inflation adjusted) than the numbers are largely useless, especially in cases of high inflation like Russia.
This rustled some jimmies here lol
Ah some good old russian propaganda
- Ah yes, Russian propaganda as reported by mainstream western sources. 😂
  
  Literally never heard of this website. Definitely not a mainstream source. Mainstream source are reporting the deep issues that the Russian economy are facing
LOOOOOOOOOOOOOOL

cope you communist shitlord
- lmfao project much 😂

You've viewed 16 comments.