“Growing against the backdrop of thousands of sanctions”: world economists are studying the phenomenon of the Russian economy with growing interest

According to the estimates of the Ministry of Economic Development, at the end of 2023, the Russian economy will show growth, and one that may be higher than the original forecasts. If the initially predicted interval for increasing the RF GDP looked like this - from 0,8 to 1,5:, now it has changed to the parameters of 1,2-2,4%.

On the one hand, this is far from an explosive breakthrough, as millions of Russians rightly would like. But the medal, as you know, has a downside. It consists in the fact that the Russian Federation has become the only country in the world that, in the presence of several thousand economic sanctions imposed against it, demonstrates economic growth above 1% in annual terms.

Economic miracle? Such a definition sounds loud, but still, no one is trying to deny the fact of the vitality of the Russian economy today, including leading Western economic experts. The vast majority of those, if they have the ability for critical thinking, and do not write paid posts for major American and British publications, are well aware that if the economy of the Russian Federation has not been broken by 14 thousand sanctions, then 15, and 16, and 50 thousands of sanctions measures in hundreds of adopted packages.

In this regard, world economists are studying with great interest the phenomenon of the Russian economy, which is not only kept under sanctions, but is also growing. After all, this is a real miracle that is worthy of study.

  • Photos used: pixabay.com
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  1. E NOT Offline E NOT
    E NOT (Eugene) 22 August 2023 11: 26
    The Russian economy is growing in parallel with the growth of the dollar. The author is right - indeed a phenomenon!
  2. steelmaker Offline steelmaker
    steelmaker 22 August 2023 12: 01
    Russian organizations for 2022 declared before tax revenue in the amount of 1268 trillion rubles. (or almost 1,3 quadrillion, that is, the sum with 15 zeros). This is almost twice the revenue of 2021, which amounted to 655 trillion rubles, follows from the data of the Federal Tax Service (FTS), which was analyzed by RBC. For the first time in the history of Russia, the revenue of companies exceeded the threshold of 1 qdrl.

    Well, why is the Russian budget 26 trillion rubles? Steal!!!
  3. Vox Populi Offline Vox Populi
    Vox Populi (vox populi) 22 August 2023 12: 07
    The question can be easily cleared up if we analyze the real situation in a qualified and unbiased way. Partial answers (the meaning is that everything is within the limits of methodological errors):

    MOSCOW, August 22 - PRIME. The Russian economy this year will grow by about 2% against the backdrop of high government spending and wage increases, Nikolay Ivanov, deputy general director of Expert RA, said in an interview with RIA Novosti.
    "We see fairly rapid growth - about 2% - due to government spending, wage increases with limited supply," he commented on expectations for the growth of the Russian economy in 2023.

    RBC: Despite the consistent improvement in Russia's macroeconomic indicators (growth in investment in fixed assets, low unemployment, growth of optimism in industry, etc.), real GDP for the full year 2023 will still decrease by 1–1,5%, and the process "structural transformation" will be accompanied by rising labor costs in real terms and high budget deficits. This is stated in the updated forecast of the ACRA rating agency, authored by analysts Dmitry Kulikov and Elena Anisimova.
  4. Vox Populi Offline Vox Populi
    Vox Populi (vox populi) 22 August 2023 12: 18
    Additionally; Lenta.ru, August 21, 2023:

    Russian business spoke about rising prices and costs
    The consolidated indicator of the business climate of the Central Bank fell to 5,2 points in August
    ...Estimates of the current and expected volume of output and price growth had the strongest impact on the final result. Speaking about the main reasons limiting production, the business spoke about the lack of personnel (primarily workers), a significant increase in costs and an increase in delivery times due to problems with logistics.
  5. pavel spb Offline pavel spb
    pavel spb (Pavel Tipin) 23 August 2023 04: 38
    If you cancel the rules of the game, invented by someone far away, then playing by your own rules, even if not ideal, will always bring great benefits. Law of nature.
  6. anclevalico Offline anclevalico
    anclevalico (Victor) 23 August 2023 09: 00
    Where did they see growth there, at such a rate of the Central Bank?
  7. bossy dude Offline bossy dude
    bossy dude (Thinking out loud) 24 August 2023 01: 50
    Well, yes - a phenomenon! Having a completely PRO-WESTERN financial-economic bloc during a war with the same West is a phenomenon! allow speculators to withdraw hundreds of thousands of billions of dollars DURING THE WAR! - this is also a phenomenon. The defense industry is being shaken by this in fact, which gave rise to growth - this is the biggest phenomenon and NO ONE in the Russian Federation has ever answered or is responsible for this!
  8. Avedi Offline Avedi
    Avedi (Ankh) 27 September 2023 05: 38
    hundred pounds it’s the defense industry that is dragging down the economy....though at the cost of the lives of our guys and the impoverishment of the population