Dumb as a turkey. Russian current economy is overheating, opposite of what those sanctions intended

Author: Eli (8952 Posts - Original UHND Member)
Posted at 6:11 pm on Nov 28, 2024

to achieve, i.e. recession - collapsing - depression.

Russian GDP is growing rapidly driven by big spending, 4% in first half of 2024. That's too much, leading to inflation. It needs slowdown. Russian's unemployment is too low. They're experiencing labor shortage for this kind of spending and GDP growth. That's why they import many north korea labors.

But, despite dramatic increased government spending, Russian national debts acutally decreased, both external debts and government debts. Russia didn’t borrow to spend like US government did.

Stupid sanctions didn't hurt Russian at all. When it started in 2022, Russia had recession. But the whole Europe had recession then. It was due to pandemic.
Again, western sanctions on Russia were intended to make Russian economy cold. But contrary to that, Russian economy is running too hot, grows too fast which caused inflation.


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