Post
Topic
Board Economics
Re: Will Russia Emerge As The Next Dominant Superpower
by
bittraffic
on 31/05/2022, 04:25:08 UTC
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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.

This is if Russia can continue to use the gas, I think they will dominate just by this advantage. They are however not the super dominant in Asia, there is always China that has higher advantage over them. China also have the gas supply of their own, not as big as Russia but China has the technology. If the two will start a quarrel I think the unity of both can change. As for now, Its Russia who will win against the West due to the gas dependency of EU.

US economy is crashing and the government are still in the denial stage of it. But the manifestation in people's frustration is showing already when they see prices of products.