Russia’s economy ended four quarters of contraction with a bigger growth spurt than forecast, putting it on track to return to its pre-war level as soon as next year as it adapts to the impact of international sanctions.
Policymakers have warned that the “capacity to expand production in the Russian economy is increasingly limited by labor market conditions,” which are helping to stoke inflation risks alongside sanctions and surging government spending linked to the war.
Funny for Bloomberg to acknowledge that expanding economy is not limited by money but rather real resources and labour.
Fr tho, the self-sufficient economy inherited by Russia from the USSR is helping quite a lot.
Funny for Bloomberg to acknowledge that expanding economy is not limited by money but rather real resources and labour.
Fr tho, the self-sufficient economy inherited by Russia from the USSR is helping quite a lot.
Yeah exactly, turns out it’s the material economy that actually produces things that really matters.