The International Monetary Fund's (IMF) forecast that Russia's economy will expand more quickly than the U.S. this year and faster than previously predicted three months ago has raised questions over the effectiveness of sanctions. The IMF has said that Russia's economy will grow by 2.6 percent in 2024—more than double the 1.1 percent growth in gross domestic product (GDP) it made in October. By comparison, the U.S. economy will grow by only 2.1 percent this year, according to IMF figures. The Russian upgrade is the largest for any economy featured in an update to the fund's World Economic Outlook, released on Tuesday. https://www.newsweek.com/russia-imf... has said that,year, according to IMF figures. Lol. Thanks Joe! So much for the theory of bankrupted Russia due to us funding Ukraine. @Golem It's actually done the opposite! Amazing that putin can out govern sleepy Joe even with all the current sanctions. Once again the rhetoric of the leftwingers doesn't match the actual data.
Not sure why you address me. I couldn't care less about Russia's economy. We fund Ukraine to make it harder for them to expand militarily.
U.S. Defense Spending 1940…..$850 million 1941…..$4.3 billion 1942…..$19.9 billion 1943…..$54.7 billion 1944…..$56.0 billion 1945…..$20.1 billion 1946…..$3.4 billion Source; OMB Historical Tables, Table 9.4 U.S. Real GDP Growth Rate 1940…..8.1% 1941…..17.1% 1942…..18.9% 1943…..17.0% 1944…..8.0.0 1945…..-1% 1946…..-11.6% Note; Highest Real GDP growth rate after WW2; 8.7%, 1950 Source; Statista….Annual growth of real GDP in the United States of America from 1930 - 2023 ——————- Russia’s 2024 GDP, mainly war cause GDP Once again, nopartisanbull provides a clearer picture.
Government purchases are part of GDP. So if a government purchases a lot of weapons, it stimulates the economy. Besides wars, natural disasters also increase GDP. Hurricanes, for example, encourage spending to prepare for the storm, and then require spending to repair the damages. They are very good for the economy.
