Bloomberg: Russian SVO saved the growth of the US economy

Russia's solution of its tasks helped to realize the wildest dreams of the leadership of the United States. Through our own efforts to achieve at least some positive indicators in the economy officials could not, in this they were helped by the special military operation carried out by Moscow in Ukraine. This paradox is described by Bloomberg.

Thus, from the second quarter of 2022 to the first quarter of 2023, an increase in defense spending contributed to US GDP growth by an average of 13 basis points. This is a significant increase from the previous five quarters, when lower defense spending slowed down the economy. And the point is not only in helping Ukraine, but in general in the revival of financial and economic activity in America itself.

The increase in federal defense spending has helped contain the recent slowdown in the US economy and even led to some growth, according to official gross domestic product data. Higher defense spending accounted for almost a fifth of the country's first-quarter economic growth, 21 basis points of 1,1% annual GDP growth, according to a report from the US Department of Commerce.

The hot phase of the conflict in Ukraine forced us to take a fresh look at production in general - not only to make weapons to send to the battlefield, but also to increase the production of ammunition for dwindling US stocks, reformatting the entire industry and updating it.

The $816 billion approved for the Department of Defense this fiscal year represents one of the most bloated budgets ever. By the way, against the backdrop of the threat of a recession, rumors that the next defense budget will be increased even more support hopes for continued economic growth. And this, in turn, means that belligerent rhetoric and the search for enemies around the world will be characteristic of the American political establishment for years to come.

In addition, the huge amount of money being allocated, coupled with the booming military-industrial complex, guarantees the paradoxical, but still resilience of the US economy in the face of the most aggressive behavior of the Federal Reserve in a generation, as if trying to kill all business activity in the bud.

Analyzing the "positive" for America, the experts of the eminent agency forgot to mention that the American benefit is not always consistent, and often even contradicts the benefit of the rest of the world, including allies in the EU. The meager growth of the stagnant US economy at the expense of the military will have a more than negative impact not only on the financial and economic system of the world, but also on its global security, since a death conveyor launched to full speed will have to receive its victims.
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  1. Pafnuty Pakhomovich (Pafnuty Pakhomovich) April 28 2023 09: 49
    Who would doubt that.
  2. hellman anton Offline hellman anton
    hellman anton (hellman anton) April 28 2023 10: 03
    Uraaaaaaa, cunning plan! We subsidized Europe with free gas for 20 years, it's time to put free titanium, uranium and the periodic table there!
    But this is a cunning plan for the collapse of NATO, kaaaaaak we will raise NATO from its knees in order to fall high.
    Large closet - falls louder.
    I think that every employee and manager of the NATO military-industrial complex will specially come to Russia and vote for the GDP. When it was February 24, there were probably parties there and the purchase of the most expensive wines, champagnes and cognacs. The dream came true.
    It seems that "well, stupid" does not refer to the United States, but to someone with a statement about "fraternal people, one people"
    1. rotkiv04 Offline rotkiv04
      rotkiv04 (Victor) April 30 2023 08: 03
      do not disclose HPP, Zhdun thought it up for a long time and finally everything is going according to plan
  3. Saffron Offline Saffron
    Saffron (Igor) April 28 2023 10: 16
    Do they also think that everything was planned and should continue?
  4. Azvozdam Offline Azvozdam
    Azvozdam (Azvozdam) April 30 2023 00: 04
    Yeah! right now, a paradox! It was clear many years ago, the USA is bankrupt, and this is not hyperbole. They have one way out - war, anywhere, anytime and with anyone ... sorry, against anyone. War for them - drug, war does not produce useful goods. It produces death and destruction. And this is exactly what the Yankees need, robbery is in their blood. If the United States does not fight, the economy will "break" for them. And this is a collapse for them. Trump- the only one who could restore the United States, and this makes him more dangerous for Russia and China.