☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmy.mlEnglish · 1 year agoRussia grew faster than all the G7 economies last year and the IMF forecasts it will again in 2024lemmygrad.mlimagemessage-square11fedilinkarrow-up112arrow-down115file-text
arrow-up1-3arrow-down1imageRussia grew faster than all the G7 economies last year and the IMF forecasts it will again in 2024lemmygrad.ml☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmy.mlEnglish · 1 year agomessage-square11fedilinkfile-text
source https://www.ft.com/content/d304a182-997d-4dae-98a1-aa7c691526db archive https://archive.ph/9PbSE
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up6·1 year agoTo make matters even worse, the GDP is usually a garbage neoclassical economics metric that doesn’t differentiate between the real economy and the FIRE economy.
minus-squaredesentizised@lemm.eelinkfedilinkarrow-up3·1 year agoYea I mean if we’re talking percentage then the (pre-2022) reference point is the size of Spain’s economy. And if it shrunk in 2022 then why shouldn’t it be able to grow by 3% while at war right?
To make matters even worse, the GDP is usually a garbage neoclassical economics metric that doesn’t differentiate between the real economy and the FIRE economy.
Yea I mean if we’re talking percentage then the (pre-2022) reference point is the size of Spain’s economy. And if it shrunk in 2022 then why shouldn’t it be able to grow by 3% while at war right?