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To: Widget Jr

Check out World Bank. They have their own numbers and more correct than CIA.
In your shoes, it makes more sense to think about your own country. Debt ceiling debates are going to have different implications with de-dollarization. See Zimbabwe.


23 posted on 05/08/2023 11:56:03 PM PDT by NorseViking
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To: NorseViking
Check out World Bank.

OK. I will look at what the World Bank says about Russia: https://www.worldbank.org/en/country/russia

"Country At-A-Glance"

"Russia’s economy will contract by 4.5 percent in 2022, less than initially expected thanks to the strong fiscal response and the surge in energy prices which helped increase fiscal revenues. The economy has experienced a sharp drop in imports, and a fall in real incomes. The recession will continue in 2023 due to the sanctions and reduced fiscal expansion, according to the World Bank's latest Regional Economic Update for Europe and Central Asia (Oct 2022)."

The short terms surge in oil prices helped Russia decline less. The overall trend of economic contraction remained. In February, Russia announced it was cutting production by 500,000 BPD. Russia will not make money on oil it is not selling. Even if the World Bank and IMF use their own numbers, instead of using Russian numbers without checking or filling in the blanks for what Russia is not reporting, the next year is not looking good for Russia's economy.
24 posted on 05/09/2023 12:47:51 AM PDT by Widget Jr (🇺🇦 Слава Україні! 🇺🇦 Sláva Ukrayíni! 🇺🇦 ☭ No CCCP 2.0 ☭)
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