Russia’s economy is expected to outpace the economy of every G7 country next year. Why the West’s sanctions have been almost useless

[etylo]

Exactly, Iran was my point when I said IMF was BS.

A country's economy cannot grow when one million people flee it (Especially since those 1 million are middle and upper class people), and a million more get drafted, with hundreds of thousands of dead/injured, with WW2 scale battles going on daily, with hundreds of billions of dollars worth of frozen assets.


If it chooses Russia, all of China's silk road project goes to the trash.

China can do without EU and your tiny Israel, see you is the foolish one here.

 

[mulj]

this is funny, if you consider economy as Pavlov's pyramide of needs Russia is doing more then fine, they provide housing, electricity, food, security, jobs or any other physical "need" to their citizens, so how they are hurted?
Western metrics based on perpetual greed and more, more and more consuming 90% of useless shit that counts in economy is deeply flawed when estimating other peoples strives and satisfaction with "economy".
what economy of country is at first place?

 

[beijingwalker]

The IMF is just being lazy. Like how they are citing Iran with a $2tril GDP based on 'official' figures.

Those who really believe the Russian economy is growing need to have the heads check. Sanctions, frozen assets, falling energy prices, Ural's oil discount, losing their biggest customer, mobilization, ~500k-1mil mostly young Russians fleeing the country. If you believe they are still growing under these circumstances, you probably also believe that China only has 2 daily Covid deaths when they reopen their country because the given official figures say so.

Same as believing record US GDP growth last year based on hyper high inflation, wide spread homelsssness while middle class struggle to meet their ends meet.

 

[Beny Karachun]

China can do without EU and your tiny Israel, see you is the foolish one here.

Lol, without the EU and the US all Chinese consumer factories will close

 

[beijingwalker]

Lol, without the EU and the US all Chinese consumer factories will close

EU and US will close first though, their economies are highly dependent on China.

 

[etylo]

Lol, without the EU and the US all Chinese consumer factories will close

China have ASEAN and BRI countries, their trades are expanding fast. Lol, US and EU are not the only world to China. If US and EU cutoff from China, their economy will collapse first as they are dependent on Chinese products.

 

[Beny Karachun]

Same as believing record US GDP growth last year based on hyper high inflation, wide spread homelsssness while middle class struggle to meet their ends meet.

Lol, you know nothing about economics? This was a statistical correction. US economy got smaller due to COVID and whatnot, and when things recovered GDP growth amounted to a greater percentage of the GDP, when compared to the years before, that's why there was a "record growth". 5% reduction of 100 is 95, if you want to get back to the same number you got to gain more than 5%.

EU and US will close first though, their economies are highly dependent on China.

Not really, it would just suck for consumers.
EU and US economies aren't based on manufacturing consumer goods.

 

[beijingwalker]

Lol, you know nothing about economics? This was a statistical correction. US economy got smaller due to COVID and whatnot, and when things recovered GDP growth amounted to a greater percentage of the GDP, when compared to the years before, that's why there was a "record growth". 5% reduction of 100 is 95, if you want to get back to the same number you got to gain more than 5%.
View attachment 920525

What do you? the world experienced the same, if you can't trust Russia, you can't trust US figures as well, so much for your double standard.

 

[Beny Karachun]

China have ASEAN and BRI countries, their trades are expanding fast. Lol, US and EU are not the only world to China. If US and EU cutoff from China, their economy will collapse first as they are dependent on Chinese products.

Yeah... try and sell shoes and bags for 100s of dollars to people in Cambodia. Tens of dollars for Hello Kitty hoodies in Laos maybe. Wonder how that would go. Chinese consumer products are Western oriented. Poor countries around the world aren't a replacement to the EU and US.

 

[beijingwalker]

Not really, it would just suck for consumers.
EU and US economies aren't based on manufacturing consumer goods.

EU and US depend on China more than the other way around, even they themselves admit that fact, what you little Israeli has to say for your master?

Chinese consumer products are Western oriented. Poor countries around the world aren't a replacement to the EU and US.

Chinese products are world based

China top trading partner to more than 120 Countries

China is a top trading partner to many nations, including Russia and Ukraine.

english.almayadeen.net

 

[Beny Karachun]

What do you? the world experienced the same, if you can't trust Russia, you can't trust US figures as well, so much for your double standard.

The record US figures are from 2021, in 2022 the GDP growth is a more modest 2%. Doesn't sound untrustable.
I would argue that the US had a way easier 2022 than Russia did.

 

[beijingwalker]

The record US figures are from 2021, in 2022 the GDP growth is a more modest 2%. Doesn't sound untrustable.
I would argue that the US had a way easier 2022 than Russia did.

The ground reality depict a diferent story than the numbers on paper, if one doesn't trust Russia's, they would not trust US either.

 

[etylo]

Yeah... try and sell shoes and bags for 100s of dollars to people in Cambodia. Tens of dollars for Hello Kitty hoodies in Laos maybe. Wonder how that would go. Chinese consumer products are Western oriented. Poor countries around the world aren't a replacement to the EU and US.

US and EU account for only about 30% of Chinese total trade, the trade only accounts for very small fraction of Chinese GDP. China is increasing its internal consumption rapidly by the work of internal circulation now. So, cutoff trade with US and EU wont do much damage to Chinese livings and economy, but, it will hurt EU and US consumers and economy really bad becos they cant find alternatives to Chinese products, Chinese can live pretty well without EU and US products though.

 

[Beny Karachun]

EU and US depend on China more than the other way around, even they themselves admit that fact, what you little Israeli has to say for your master?


Chinese products are world based

China top trading partner to more than 120 Countries

China is a top trading partner to many nations, including Russia and Ukraine.

english.almayadeen.net

View attachment 920533

You volunteered yourself to be the polluted factory of the world.
That's the reason people import from you, because Americans and Europeans achieved a way better standard of living and do not want to be simple factory workers. US and EU economies aren't based on products China can compete with, nor prevent the US and EU from producing.

Here's the real picture:
China exported 2.6 trillion dollars in 2020.
US+EU+Japan=2.2 + 2.3 + 0.659 = 5.159 trillion dollars.

EU+US+Japan import 1 trillion dollars worth of goods from China totally,
China import 500 billion dollars worth of goods from EU+US+Japan.

China total exports without EU,US and Japan: 1.6 trillion dollars

EU+US+Japan exports without China: 4.6 trillion dollars

China's exports are downed by 40% whereas US+EU+Japan are only downed by 10 percent.
So who's economy is going to collapse?

 

[beijingwalker]

US and EU account for only about 30% of Chinese total trade, the trade only accounts for very small fraction of Chinese GDP. China is increasing its internal consumption rapidly by the work of internal circulation now. So, cutoff trade with US and EU wont do much damage to Chinese livings and economy, but, it will hurt EU and US consumers and economy really bad becos they cant find alternatives to Chinese products, Chinese can live pretty well without EU and US products though.

He knows no data other than his mouth, he believes Israel controls the world, lol

You volunteered yourself to be the polluted factory of the world.
That's the reason people import from you, because Americans and Europeans achieved a way better standard of living and do not want to be simple factory workers. US and EU economies aren't based on products China can compete with, nor prevent the US and EU from producing.

Here's the real picture:
China exported 2.6 trillion dollars in 2020.
US+EU+Japan=2.2 + 2.3 + 0.659 = 5.159 trillion dollars.

EU+US+Japan import 1 trillion dollars worth of goods from China totally,
China import 500 billion dollars worth of goods from EU+US+Japan.

China total exports without EU,US and Japan: 1.6 trillion dollars

EU+US+Japan exports without China: 4.6 trillion dollars

China's exports are downed by 40% whereas US+EU+Japan are only downed by 10 percent.
So who's economy is going to collapse?

Without the west, China can still export everything to the rest of the world and China herself has 1.4 increasingly wealthy consumers, that's one fifth of the whole humanity in number. and without China, where does the west get everything they need? the global supply chain is firmly in China's hand, where else can they buy from? The whole world is buying everything from China.
So it's a no brainer question, of course the west will collapse first.

Do you think US won't buy from close neighbors if US can and if US immediate neighbors can provide?