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Thread: Russian economy returns to growth after pandemic-fueled downturn

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    Russian economy returns to growth after pandemic-fueled downturn

    " Russia’s GDP expanded 0.5% in March, data from the Ministry of Economic Development shows. It marks the first monthly growth since the coronavirus pandemic began to affect the Russian economy one year ago. The GDP rate went into positive territory last month after the year-on-year decline seen in January and February, when the Russian economy shrank 2.2% and 2.5% respectively, according to the official report published on Tuesday evening. The economy was still down in quarterly terms, but the decline in GDP slowed to 1.3% compared to a year ago." ......" The performance of the Russian economy in the first three months of 2021 has improved compared to the end of last year. According to statistics agency Rosstat, GDP was down 1.8% in the last quarter of 2020 and decreased 3% for the whole pandemic year. The economic rebound was supported by continued recovery in manufacturing, freight turnover, as well as the construction sector. Machine-building and chemical industries have become the main drivers of growth, the ministry noted." ...........https://www.rt.com/business/521658-r...s-coronavirus/

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    Russia’s Population Decline Hits 15-Year High – Preliminary Data - The Moscow Times

    The 510,000-person decline is the largest since 2005, when Russia’s population dropped by 564,500 from the previous year.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


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    Quote Originally Posted by Mister D View Post
    Russia’s Population Decline Hits 15-Year High – Preliminary Data - The Moscow Times The 510,000-person decline is the largest since 2005, when Russia’s population dropped by 564,500 from the previous year.
    So they will have to share their growing future wealth between less people ?

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    Quote Originally Posted by PJL View Post
    So they will have to share their growing future wealth between less people ?
    No. They are in a demographic death spiral. They are a fading power.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by Peter1469 View Post
    No. They are in a demographic death spiral. They are a fading power.
    .....keep clinging to that theory if it helps you sleep .

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    Quote Originally Posted by PJL View Post
    .....keep clinging to that theory if it helps you sleep .
    Demographics stump you?
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    Quote Originally Posted by Peter1469 View Post
    No. They are in a demographic death spiral. They are a fading power.
    Too bad that they did not embrace Capitalism. They have all the natural resources to do anything they want. Only their dependency on government and corruption that is tied to government, prevents them from matching the US economy.

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    Quote Originally Posted by carolina73 View Post
    Too bad that they did not embrace Capitalism. They have all the natural resources to do anything they want. Only their dependency on government and corruption that is tied to government, prevents them from matching the US economy.
    If they don't make enough babies, ultimately it doesn't matter what they do economically.
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    Quote Originally Posted by PJL View Post
    So they will have to share their growing future wealth between less people ?
    That is not how an economy works.

    They will have shared prosperity when it is earned. Labor will be rewarded not forced upon a people.

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    ......(lol)

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