Russian manufacturing sector returns to growth

[senheiser]

Russia Manufacturing PMI | Actual Value | Historical Data | Forecast

 

[airmarshal]

Without exaggeration, how do you think these EU and American sanctions will affect Russia?

 

[senheiser]

Without exaggeration, how do you think these EU and American sanctions will affect Russia?

they will be very horrible but russian economy is that way built to catch lost years up quickly, we arent japan. If you look how bad the 90s were its nothing what we are now facing. Russia was able to catch up this lost decade extremely quickly and surpassed polish/hungarian gdp per capita in 2008. Poland got 200 billion money from the EU and what else while we got nothing. This time we are much more open, and this time global share of western GDP is at all time low in comparison to the 90s while Emerging markets share its all time high and will keep rising. Despite that we have a lot of chinese trade we still are too much depdent on the west. Europe still makes over 60% of our trade.