Russian Economic Growth Dips in Second Quarter as Inflation Rises
Russian Economic Growth Dips in Second Quarter as Inflation Rises
The pace of Russia's economic growth slowed in the second quarter of 2024, official data showed Friday, amid concerns over stubborn inflation and warnings of "overheating."
The pace of Russia's economic growth slowed in the second quarter of 2024, official data showed Friday, amid concerns over stubborn inflation and warnings of "overheating."
Gross domestic product (GDP) dipped from 5.4% in the first quarter to 4% from April to June, the lowest quarterly result since the start of 2023 but still a sign the economy is expanding.
Inflation meanwhile showed no signs of easing, with consumer prices rising 9.13% year-on-year in July — up from 8.59% in June and the highest figure since February 2023, according to data from the Rosstat statistics agency.
These are not signs of a recession, but rather signs of a special economic operation.
-Message from the Russian Government
Even if Putin dies and gets replaced by someone who immediately stops the war and brings Russia back into a mindset of international trade and cooperation, Russia's economy will still be fucked for well over a century by the absolute disaster that is its demographics. They were already experiencing very bad "echoes" in their demographics from a entire generations being destroyed by their meat wave tactics of WW2. Now the problem is even worse.
Putin might have completely ruined Russia for centuries.
Russia's economy will still be fucked for well over a century
I don't think it'll be a century.
Look at Czechia, they're booming after being stuck under the thumb of the Nazis who destroyed most of their non-war industrial output, then the Soviets who destroyed the rest. Since 1992, they've put in the hard yards, kick started their economy and industry and fully rejoined the west as a good friend.
It'll be another ~25 years after they finally decide to join us before they're back in a good position, but that's within the lifetimes of the people who could make that choice. They could not only choose, but see the positive outcome of those choices if they started today.
Czechia has massively benefitted from the structural funds of the EU, Russia might not have that option...
And so it goes. Nero fiddled, Putin danced.
I'm following the Kursk Oblast incursion and I have to say it's wonderful news.
I'd almost feel bad for Putin if he wasn't a genocidal maniac
Fake news! The Russian economy is booming!
This is not a sign of recession coming! It's just a special economy operation!
Precisely none of Russia’s self-reported economic measures can be trusted at this point. They’ve been heavily manipulating them since the beginning of 2022, at the very latest.
lol, fuck the blyats. Let them eat shit.
Who remembers the posts a couple of weeks ago about how the Russian economy was booming and how people were suggesting that would continue?
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