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And this year, US GDP will be largely untouched and growing. Russia's will not.
Russia's economy will contract for sure. But this is going to be temporary. As long as they have the capability to export their natural resources, Russia will be able to make a comeback. And ordinary Russians have the ability to deal with hardships. And now coming to the United States, the inflation rate is inching towards the 10% level. Federal debt is ballooning and already there is a lot of controversy related to the baby formula shortage. The US economy won't remain "untouched" for too long. Very soon it will start contracting.