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.
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?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.
Quote
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.
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.
Two main reasons:
- Employment is linked to growth. Most countries only generate new employment when they grow above 2% or so. BRICS need more than that to generate opportunities for their young people, as usually population is also on the rise.
- Because investment is about risk versus benefit. A BRICS is by their own nature can only attract investment and financing by offering a great growth rate.
It is quite basic. BRICS often have "bad years" but very rarely have several consecutive "bad years", but anyway, if you think is going well out there... enjoy.
And the reason why things seem to be a bit of trouble for BRICS is, they are trying to bring world money back onto a value-trade standard, rather than the current world money system which is a fiat, debt-backed, Ponzi scheme.
Actually, all that Russia and BRICS have to do is hold out for a while longer. The big fiat Ponzi that rules the world, now, will collapse due to its own weight... its fakery.
Another post of "when this happens" or "if this happens"... Managing countries and the lives of people is not based on your hypothesis about the apocalypses and your God intervening in the world, but in politics, hard facts and managing risks that are actually there and can actually be managed.
As I have said in previous posts, it is good that you are a patient person - patience is a virtue and one can spend a whole life wating for "holding a while longer", just until the current fiat system collapses all the sudden. Yes... I do advise you plenty of patience.
Now, how is that application for RF citizenship going BA?