- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
An influential global body has forecast Russia’s economy will grow faster than all of the world’s advanced economies, including the US, this year.
The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany.
Oil exports have “held steady” and government spending has “remained high” contributing to growth, the IMF said.
Overall, it said the world economy had been “remarkably resilient”
“Despite many gloomy predictions, the world avoided a recession, the banking system proved largely resilient, and major emerging market economies did not suffer sudden stops,” the IMF said.
The question is not whether Russia will hit a wall, the question remains whether there will be a Ukraine before that happens. Russia just like big corporations is too big to fail.
It all depends on NATO. NATO countries have 20 times the GDP of russia and 5 times the population. If NATO stays in, Russia will lose. If they don’t, Ukraine will lose.