Gravitas: War boosts Russian GDP, but at what cost?
The World Bank’s latest report shows Russia has moved into the "high income" category, despite heavy western sanctions. This growth has been driven by a surge in military activity, trade, financial sector expansion, and construction. Russia’s G-N-I per capita increased by 11.2% in 2023, even as the West aimed to cripple its economy over the Ukraine conflict.
#russia #income #gravitas
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