Not at all. For a country in the BRICS group, anything less than growing the GDP by 5% is an absolute failure - which is the case. But that is only the short term. I wonder if RF is counting on China buying their oil and gas, because others will think twice before trusting the crazy Ivans.
Curious to know the source of this statement, where did you get it from?
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There are several sources and estimates between a drop of 4% and 1%, just google a bit if you need to. It is all right if you want to deny and all that, the economy does not care for it - in the end, people loose their employment, investment is reduced and everyone is worse off. Congrats on the "victory".
https://www.reuters.com/markets/russias-more-gradual-economic-contraction-extend-into-2023-2022-12-02/#:~:text=MOSCOW%2C%20Dec%202%20(Reuters),room%20to%20cut%20interest%20rates.MOSCOW, Dec 2 (Reuters) - Russia's economy is set to shrink by 2.5% next year, on top of a 3% contraction in 2022, a Reuters poll suggested on Friday, with stubbornly high inflation giving the central bank only limited room to cut interest rates.
Russia's economic landscape changed drastically after Moscow sent tens of thousands of troops into Ukraine on Feb. 24, triggering sweeping Western restrictions on its energy and financial sectors, including a partial freeze of Russian reserves, and leading scores of companies to exit the market.
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I asked where did you get that for a country in the BRICS group anything less than growing the GDP by 5% is an absolute failure?