That's literally wrong.
Russian GDP growth (annual)
2010: 4.504%
2011: 4.264%
2012: 3.518%
2013: 1.279%
2014: 0.716%
2015: -3.727%
It's not just trending downwards, it's a country in free fall.
And that's why we should fear them?
2010: 4.504%
2011: 4.264%
2012: 3.518%
2013: 1.279%
2014: 0.716%
2015: -3.727%
It’s not just trending downwards, it’s a country in free fall.
GDP declined in 2014 and 2015 because Obama had KSA kill the price of oil to destroy Russia. Current IMF GDP projections show 1.1 growth this year.
A lot of that decline is from the price of crude oil.
Their economy is tied to oil. So year to year trends are not as important as longer periods that include a a full cycle in oil prices.
Their economy is tied to oil. So year to year trends are not as important as longer periods that include a a full cycle in oil prices.