Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
  • Russia’s economy, boosted by military activity, is now classified as high-income by the World Bank.
  • Russia’s GDP grew 3.6% in 2023, with trade and financial sectors rebounding.
  • The World Bank also upgraded Bulgaria and Palau, while the West Bank and Gaza were downgraded.
  • Flying SquidMEnglish
    23•6 months ago

    And no matter how many times this story is posted, the truth is still that they’ve reached their peak and they have nowhere to go but down.

    • @[email protected]English
      6•6 months ago

      Which was, however, said since the very beginning of the war.

      Don’t get me wrong, Russia is making a grave for itself rn, but I doubt it will suddenly shatter. There is potential for growth, though it will be hampered given the ways Russia currently manipulates its economy.