(VOVWORLD) - Countries of the BRICS economic bloc are currently working on the launch of a financial system that will be independent of the dominance of third parties, according to Russian Ambassador to China Igor Morgulov.
It’s oriented towards the war, but it’s not a total war economy yet because the population wouldn’t tolerate it. It’s similar to the US at war in Vietnam, spending only got up to 8% to 10% of gdp.
Turning tanks in a storage base into tanks destroyed in Ukraine is not economic growth, dispite what gdp would indicate.
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About 10% of gdp vs 3 to 4% pre war?
https://www.wilsoncenter.org/blog-post/russias-unprecedented-war-budget-explained
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It’s oriented towards the war, but it’s not a total war economy yet because the population wouldn’t tolerate it. It’s similar to the US at war in Vietnam, spending only got up to 8% to 10% of gdp.
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You think tanks do contribute, or that Russia is growing into new war unrelated sectors?
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Could you give an example of these new sectors? And what is the real gdp growth, taking into account the actual inflation?
Here’s some analysis of Russia’s economic situation https://youtu.be/ecdxs8Al424
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Could you link a source for growth in those areas? Especially accounting for real inflation?
I’ve found it’s pretty good matching up with predictions.
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Why not they’re consumables/disposable /s