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

  1. #21
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    carolina73's Avatar Senior Member
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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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  3. #22
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    Quote Originally Posted by PJL View Post
    " 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/
    First-quarter GDP for the US 2021 increased at a 6.4% rate. Just sayin

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    Quote Originally Posted by hanger4 View Post
    First-quarter GDP for the US 2021 increased at a 6.4% rate. Just sayin
    Russia cannot grow that fast. They don't know how to create demand or supply it.

    Remember the old Reagan joke about a Russian buying a car.
    This man laid down the money, and the fellow in charge said to him:

    Come back in 10 years and get your car.

    The man answered: Morning or afternoon?

    And the fellow behind the counter said: Ten years from now, what difference does it make?

    And he said: Well, the plumber is coming in the morning.


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  7. #24
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    Quote Originally Posted by carolina73 View Post
    Russia cannot grow that fast. They don't know how to create demand or supply it. Remember the old Reagan joke about a Russian buying a car.
    This man laid down the money, and the fellow in charge said to him: Come back in 10 years and get your car. The man answered: Morning or afternoon? And the fellow behind the counter said: Ten years from now, what difference does it make? And he said: Well, the plumber is coming in the morning.
    Russia is public debt free , and running in surplus.

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    Quote Originally Posted by PJL View Post
    Russia is public debt free , and running in surplus.
    You know so little about so much.

    https://www.google.com/search?q=Russ...ile-gws-wiz-hp

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    Quote Originally Posted by hanger4 View Post
    You know so little about not much at all. Russia's public debt is zero , zip . Russia debt to GDP is 17.3 % (2020). America's debt to GDP is 125% (2020)

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    Quote Originally Posted by PJL View Post
    You know so little about not much at all. Russia's public debt is zero , zip . Russia debt to GDP is 17.3 % (2020). America's debt to GDP is 125% (2020)
    Just what is your definition of public debt ?? and how can public debt be zero yet be 17% of gdp ??

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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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  14. #29
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    Quote Originally Posted by PJL View Post
    Russia is public debt free , and running in surplus.
    The federal government perhaps. Their local level governments (states) are deep in debt.
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    Quote Originally Posted by hanger4 View Post
    Just what is your definition of public debt ?? and how can public debt be zero yet be 17% of gdp ??
    Government / Public debt..........money owed by government/ money owed by the public ...........doh !

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