The Monetary Fund admits: Putin’s recipe works. The war economy makes GDP soar

by Claudio Paudice

The IMF revises Russia’s growth upwards to 3.2% (against 0.8% in the EU): unemployment at its lowest, boom in oil exports, increase in public and private spending. One fact is clear: the Western estimates were all wrong and the sanctions…

The estimates were all off. At regular intervals for over two years, international organizations have been forced to revise upwards the growth estimates of the Russian economy, each time postponing by a few semesters or years the actual spread of Western sanctions imposed after the war in Ukraine. For the umpteenth time the Monetary Fund has had to review its forecasts for the economy led by Vladimir Putin: this year the IMF expects a GDP of +3.2%.

Source:nuovaresistenza.org