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Russian Economy Grows Faster Than all G7 Nations in 2023, Predicted To Do So Again in 2024


Horta

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Posted (edited)

The chart below from the financial times sums it up. Putin is finding what the US has always known. War can be good for the economy. Putin's approval rating seems to have shot up and steadied since March '22. Russia is now outpacing the entire western world in artillery munitions production by 3x (it's far more than that in reality) and seems to have no shortage of troops. They also have N Korean and Iranian weapons and ammunition to fall back on if necessary. Not only that but the 5 BRICS nations have now outgrown the G7 well and truly. They now have >32% of the world's GDP when measured in PPP (and growing) while the G7 accounts for <30% (and shrinking). Animated chart here. They are also set to dominate the world's GDP by 2050 (according to Goldman Sachs) and along with many rising economies are finding ways to de-dollarise and bypass the US banking system in moves led by China and Russia.

ftcms:bb9dba5b-3068-4435-b306-2b616b00dd

Not bad going for a country facing unprecedented sanctions, whose economy was going to collapse and whose government was going to be overthrown (he best laid neocon plans of mice and men). With an army that for 2 years has been trying to fight the largest army in Europe ( Nato trained and equipped) with shovels, can't get winter clothing, ran home to momma and has to disassemble washing machines for the electronics.

Meanwhile UK has all sorts of financial problems, not to mention it's political collapse and couldn't field any sort of fighting force if it tried. Germany is deindustrializing, helped along by the US enticing its industries to relocate after blowing up its gas supply pipeline. Sholz, Sunak and Macron not only have problem economies but have disastrous approval ratings (very high disapproval ratings though, so at least they're good at something lol).

Ol' "genocide Joe" has an approval rating of 39% (disapproval rate of 55% lol), the US is racking up debt at the rate of 1 trillion dollars every 100 days, 77% percent of military aged people in the US would not qualify for military service (mostly too fat, but also mental health problems or on drugs) and the political system is seen by most of the world as a laughing stock. US green lighting and funding a genocide in the middle east also has them further losing credibility with most of the world.

The Ukraine is losing it's population and would collapse economically without the west propping it up (which it won't do forever). The way the fighting is going (short of troops and ammunition) they are likely to lose Odessa and become land locked at some stage, at which point the Russians won't take any more land (they have no intention of occupying all of the Ukraine, I doubt they really wanted to take what they have so far). It'll be all about turning them into a pliant little rump state then.

All for US neocon geopolitical/economic ambitions. Still, there's plenty of grift and money laundering to go yet. To the last Ukrainian!

 

 

Edited by Horta
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Da, comrade, I too foresee a return to our great Soviet Empire.

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6 hours ago, Horta said:

The chart below from the financial times sums it up. Putin is finding what the US has always known. War can be good for the economy. Putin's approval rating seems to have shot up and steadied since March '22. Russia is now outpacing the entire western world in artillery munitions production by 3x (it's far more than that in reality) and seems to have no shortage of troops. They also have N Korean and Iranian weapons and ammunition to fall back on if necessary. Not only that but the 5 BRICS nations have now outgrown the G7 well and truly. They now have >32% of the world's GDP when measured in PPP (and growing) while the G7 accounts for <30% (and shrinking). Animated chart here. They are also set to dominate the world's GDP by 2050 (according to Goldman Sachs) and along with many rising economies are finding ways to de-dollarise and bypass the US banking system in moves led by China and Russia.

ftcms:bb9dba5b-3068-4435-b306-2b616b00dd

Not bad going for a country facing unprecedented sanctions, whose economy was going to collapse and whose government was going to be overthrown (he best laid neocon plans of mice and men). With an army that for 2 years has been trying to fight the largest army in Europe ( Nato trained and equipped) with shovels, can't get winter clothing, ran home to momma and has to disassemble washing machines for the electronics.

Meanwhile UK has all sorts of financial problems, not to mention it's political collapse and couldn't field any sort of fighting force if it tried. Germany is deindustrializing, helped along by the US enticing its industries to relocate after blowing up its gas supply pipeline. Sholz, Sunak and Macron not only have problem economies but have disastrous approval ratings (very high disapproval ratings though, so at least they're good at something lol).

Ol' "genocide Joe" has an approval rating of 39% (disapproval rate of 55% lol), the US is racking up debt at the rate of 1 trillion dollars every 100 days, 77% percent of military aged people in the US would not qualify for military service (mostly too fat, but also mental health problems or on drugs) and the political system is seen by most of the world as a laughing stock. US green lighting and funding a genocide in the middle east also has them further losing credibility with most of the world.

The Ukraine is losing it's population and would collapse economically without the west propping it up (which it won't do forever). The way the fighting is going (short of troops and ammunition) they are likely to lose Odessa and become land locked at some stage, at which point the Russians won't take any more land (they have no intention of occupying all of the Ukraine, I doubt they really wanted to take what they have so far). It'll be all about turning them into a pliant little rump state then.

All for US neocon geopolitical/economic ambitions. Still, there's plenty of grift and money laundering to go yet. To the last Ukrainian!

With this in mind why have we still got sanctions on Russia? Its bizarre, we do more damage to ourselves than to it.

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6 minutes ago, Duke Wellington said:

With this in mind why have we still got sanctions on Russia? Its bizarre, we do more damage to ourselves than to it.

We have sanctions on the Russian Federation because they are Warmongers. Also, because their leader Vladimir Putin is a war criminal who has global warrants for his arrest from the International Criminal Court or the ICC. The warrants are for Crimes Against Humanity, which are for War Crimes carried out by Russian Soldiers in the Ukraine!

Those are only part of the reasons for the sanctions, there are many many more, and there still may be more yet!:yes:

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So much pro-Russian garbage in one post/thread.

Russia has moved to a war economy with something like 30% of its government revenue going to military spending.  With that much government expenditure in defense the GDP of Russia will grow.  The GDP of Nazi Germany grew from 1940 to 1944 on average 2.5% each year with the GDP collapsing in 1945 due to the war ending.  GDP growth is not a good indicator of economic health especially when a war economy is being used.

What is bad economically for Russia is how overall inflation is at approximately 8%, with some individual items having an inflation of approximately 40%.  That is not going to take long before it starts causing serious pain to the Russian economy.  Also with approximately 30% of government spending going to the military means stuff like infrastructure isn't getting properly funded so before too long there will start to be increasing catastrophic failures in critical infrastructure.

Lastly while Russia is producing approximately 3 times the artillery shells as the west the quality and capabilities of the shells are drastically different.  A lot if western artillery shells are smart shells which take longer to make and cost more but are far more effective and efficient then the dumb artillery shells Russia mass produces.  

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Blah, blah, blah.

Its time for the UK to ditch Ukraine and lift the sanctions so we can get some decent eco growth going. Why are we supporting the most corrupt country on the planet?

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5 minutes ago, Duke Wellington said:

Blah, blah, blah.

Its time for the UK to ditch Ukraine and lift the sanctions so we can get some decent eco growth going. Why are we supporting the most corrupt country on the planet?

I don't understand why anyone would support Russia, because they certainly are the most Corrupt and Murderous country on the planet. Hell, Vladimir Putin even sends assassins outside Russian boarders to kill Russians and anyone else who insults him!!!!:w00t::no:

I don't understand your strong support for a Communist Country, with a leader that is a mass murder!!!!!!:no: 

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6 hours ago, Grim Reaper 6 said:

I don't understand why anyone would support Russia, because they certainly are the most Corrupt and Murderous country on the planet. Hell, Vladimir Putin even sends assassins outside Russian boarders to kill Russians and anyone else who insults him!!!!:w00t::no:

I don't understand your strong support for a Communist Country, with a leader that is a mass murder!!!!!!:no: 

I am British and I do not support Ukraine or Russia.

I really do not care for the people of either country and attempts to manipulate my emotions or perceptions will not work. Of the two, the only one which has any importance to Britain is Russia. This is because sanctions on that country impact our economy. Hence, the British position should be to put its own economy first and that means ending those sanctions.

It would financially benefit Britain to let Russia have Ukraine. Why? Because then the EU will poop its pants and start paying properly for its own defence instead of exploiting the British military.

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15 minutes ago, Duke Wellington said:

I am British and I do not support Ukraine or Russia.

I really do not care for the people of either country and attempts to manipulate my emotions or perceptions will not work. Of the two, the only one which has any importance to Britain is Russia. This is because sanctions on that country impact our economy. Hence, the British position should be to put its own economy first and that means ending those sanctions.

It would financially benefit Britain to let Russia have Ukraine. Why? Because then the EU will poop its pants and start paying properly for its own defence instead of exploiting the British military.

You are very short sighted and no understanding of the current geopolitical situation in Europe. The United States controls those sanctions, and they are not going away. Fortunately, your government understands the consequences of listening to people like you. You want Britain to stand alone, well dude that would not last a year in the present military and political climate in Europe. 

 

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5 hours ago, Grim Reaper 6 said:

You are very short sighted and no understanding of the current geopolitical situation in Europe. The United States controls those sanctions, and they are not going away. Fortunately, your government understands the consequences of listening to people like you. You want Britain to stand alone, well dude that would not last a year in the present military and political climate in Europe. 

 

Blah, blah, blah, nothing like a claim someone is short sighted coming from a person who is blind.

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5 hours ago, Duke Wellington said:

Blah, blah, blah, nothing like a claim someone is short sighted coming from a person who is blind.

Peace Comrade!!!!!:yes:

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21 hours ago, Duke Wellington said:

Blah, blah, blah.

Its time for the UK to ditch Ukraine and lift the sanctions so we can get some decent eco growth going. Why are we supporting the most corrupt country on the planet?

Ok.say that happens..what you gonna do when the red army  come down your street,uk military ain't strong enough to defeat them..

Our military capability is dog **** atm.

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2 hours ago, diddyman68 said:

Ok.say that happens..what you gonna do when the red army  come down your street,uk military ain't strong enough to defeat them..

Our military capability is dog **** atm.

Pointless fear mongering, Britain is a nuclear power.

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Russia being the largest country on earth has vast resources to sustain its campaign on its own for a long time.

Russia is amply supported by China politically and economically.  Russia submissive to US-NATO would mean that Russia can turn from an ally to a  potential adversary in the future along with a large hostile front. Consequently the Chinese are interested in a Russian victory than a defeat.

Just the massive Chinese support can enable the Russians to fight for a long time. 

The Russians are also openly or silently supported by most Asian, African and south American countries which has had an adverse relationship with the west due to past colonial history and economic exploitation. 

So I don't think the Russians are in any state of capitulation at the moment.

Even now , Europe is importing billions of dollars worth of fossil fuels from Russia, enough on its own to maintain the Russian war chest.

Brussels-based consultancy Bruegel calculated that Europe paid Russia 12 billion euros ($12.85 billion) for LNG between March 2022 and February 2023.
 
Spain has become the second largest buyer of Russian LNG globally.
 
So it is only natural that Russian economy is improving fast. 
 

 

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Posted (edited)
2 hours ago, Ajay0 said:

Russia being the largest country on earth has vast resources to sustain its campaign on its own for a long time.

Russia is amply supported by China politically and economically.  Russia submissive to US-NATO would mean that Russia can turn from an ally to a  potential adversary in the future along with a large hostile front. Consequently the Chinese are interested in a Russian victory than a defeat.

Just the massive Chinese support can enable the Russians to fight for a long time. 

The Russians are also openly or silently supported by most Asian, African and south American countries which has had an adverse relationship with the west due to past colonial history and economic exploitation. 

So I don't think the Russians are in any state of capitulation at the moment.

Even now , Europe is importing billions of dollars worth of fossil fuels from Russia, enough on its own to maintain the Russian war chest.

Brussels-based consultancy Bruegel calculated that Europe paid Russia 12 billion euros ($12.85 billion) for LNG between March 2022 and February 2023.
 
Spain has become the second largest buyer of Russian LNG globally.
 
So it is only natural that Russian economy is improving fast. 
 

NATO support is not winning the war for Ukraine, its simply depopulating the country.

The loss of life is being ignored by Ukraine which is a disgrace.

Edited by Duke Wellington
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On 4/7/2024 at 9:18 PM, Duke Wellington said:

Blah, blah, blah.

Its time for the UK to ditch Ukraine and lift the sanctions so we can get some decent eco growth going. Why are we supporting the most corrupt country on the planet?

How much is the war really affecting Mikey Six-pack in the UK? I mean seriously. 

The UK has been supportive of the US for well over a hundred years, no problems with our corruption. Oh that's right, it only matters when you think the UK is footing the bill for something. Get over yourself Cookie, this thing is far from over and your country is in for the long haul.

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5 hours ago, Duke Wellington said:

NATO support is not winning the war for Ukraine, its simply depopulating the country.

The loss of life is being ignored by Ukraine which is a disgrace.

Do you have numbers on this from the ICRC or Amnesty Intl.?

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17 hours ago, Duke Wellington said:

NATO support is not winning the war for Ukraine, its simply depopulating the country.

The loss of life is being ignored by Ukraine which is a disgrace.

Hi Cookie

Russia's plan is to depopulate the Ukraine NATO is giving them a chance to survive. The people of the Ukraine have shown they have every intent to fight for their country with or without help.

Russia has incurred great loses in picking this fight and deserve the ridicule of the free world.

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On 4/7/2024 at 3:20 PM, Horta said:

They also have N Korean and Iranian weapons and ammunition to fall back on if necessary.

NK/Iran provisions have already been used, so it's not like these are being stored away in the case that they are needed - they are being provided because they're already needed.

Russia used at least 20 North Korean ballistic missiles in attacks on Ukraine, Kyiv says – POLITICO

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On 4/9/2024 at 4:12 PM, Duke Wellington said:

NATO support is not winning the war for Ukraine, its simply depopulating the country.

The loss of life is being ignored by Ukraine which is a disgrace.


Imho, like in Afghanistan the war in Ukraine will continue for some time till optimal profits are reaped by the military industrial complex. As Assange stated , a long unsuccessful war is more profitable than a short successful war.

The stock values of westen defence companies have skyrocketed after the Ukraine invasion as well as the Hamas-Israel conflict.

https://www.newsweek.com/politicians-defense-stock-profits-israel-hamas-conflict-1840327

https://www.ft.com/content/3723977b-c256-432b-a2bb-b4ff901858f7

https://theconversation.com/ukraine-the-worlds-defence-giants-are-quietly-making-billions-from-the-war-178806

The casualties in Ukraine is tragic,no doubt, but I am concerned about a strategic level disaster that can occur in the fog of war caused by rage and passion leading to a nuclear holocaust wiping out the US, Europe and Russia. 

Emotional overflows can suspend the judgement, and we have seen many such incidents in human history.

The billionaires can ride out the nuclear strikes in their well-supplied  bunkers but it will not be so for the western middle and lower classes who cannot afford the same.

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On 4/8/2024 at 9:48 AM, Duke Wellington said:

I am British and I do not support Ukraine or Russia.

I really do not care for the people of either country and attempts to manipulate my emotions or perceptions will not work. Of the two, the only one which has any importance to Britain is Russia. This is because sanctions on that country impact our economy. Hence, the British position should be to put its own economy first and that means ending those sanctions.

It would financially benefit Britain to let Russia have Ukraine. Why? Because then the EU will poop its pants and start paying properly for its own defence instead of exploiting the British military.

is this cookie monster?

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7 hours ago, godnodog said:

is this cookie monster?

Hi GND

Yes it is 😄

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  • 2 weeks later...
On 4/17/2024 at 7:51 AM, godnodog said:

is this cookie monster?

He changes his name like my fiancee changes clothes. 

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