BRICS to launch independent financial system (vovworld.vn)

submitted 1 month ago by cyu@sh.itjust.works to c/worldnews@lemmy.ml

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[+] tpihkal@lemmy.world -17 points 1 month ago

🤣 Yeah, good luck with that.

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[-] queermunist@lemmy.ml 16 points 1 month ago

Look at Russia's economic growth in spite of the sanctions.

There's a world economy outside US control and it is only growing. Where do you think the inflation is coming from?

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[-] JohnDClay@sh.itjust.works -5 points 1 month ago* (last edited 1 month ago)

Turning tanks in a storage base into tanks destroyed in Ukraine is not economic growth, dispite what gdp would indicate.

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[-] postgeographix@lemmy.world 2 points 1 month ago

[removed by mod]

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[-] JohnDClay@sh.itjust.works -4 points 1 month ago

You think tanks do contribute, or that Russia is growing into new war unrelated sectors?

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[-] yogthos@lemmy.ml 9 points 1 month ago

Russia is obviously growing into new war unrelated sectors because the military industry accounts for only 6% of Russian GDP. Plenty of economic niches have been opened up by decoupling from the west, and many of those are being filled by domestic businesses. That's where majority of the growth is coming from.

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[-] JohnDClay@sh.itjust.works -2 points 1 month ago

Could you give an example of these new sectors? And what is the real gdp growth, taking into account the actual inflation?

Here's some analysis of Russia's economic situation https://youtu.be/ecdxs8Al424

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[-] yogthos@lemmy.ml 6 points 1 month ago

Manufacturing, food production, research, tech, you name it. Meanwhile, I'll reiterate my advice that I gave you last time. Go back through the channels you watch, look at their past predictions, and compare how they hold up today. If a lot of what they say turns out to be bullshit, as is the case with this channel, then maybe find a more reliable source. You seem to be a real sucker for these propaganda channels. Weren't you peddling Perun last time?

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[-] JohnDClay@sh.itjust.works -3 points 1 month ago

Could you link a source for growth in those areas? Especially accounting for real inflation?

I've found it's pretty good matching up with predictions.

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[-] yogthos@lemmy.ml 1 points 1 month ago* (last edited 1 month ago)

Russia—moved from the upper-middle-income to the high-income category:

Economic activity in Russia was influenced by a large increase in military related activity in 2023, while growth was also boosted by a rebound in trade (+6.8%), the financial sector (+8.7%), and construction (+6.6%). These factors led to increases in both real (3.6%) and nominal (10.9%) GDP, and Russia’s Atlas GNI per capita grew by 11.2%.

https://blogs.worldbank.org/en/opendata/world-bank-country-classifications-by-income-level-for-2024-2025-ja