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IMF upgrades Russia to world’s fourth-largest economy

submitted by Sector2 to Russia 6 monthsOct 24, 2024 18:52:05 ago (+7/-0)     (www.rt.com)

https://www.rt.com/business/606344-russia-fourth-biggest-economy-ppp-imf/

In its World Economic Outlook published on Tuesday, the IMF said Russia’s gross domestic product (GDP) in 2024 amounts to 3.55% of global GDP in terms of PPP, outperforming Japan, which has 3.38%.

According to the report, Russia ranks fourth in terms of PPP after China (18.8%), the US (15%), and India (7.9%).


9 comments block


[ - ] canbot 1 point 6 monthsOct 25, 2024 07:13:36 ago (+1/-0)

Sounds like a lot of acrobatics being done to justify the headline. In the end it is meaningless.

[ - ] Rowdybme 1 point 6 monthsOct 24, 2024 22:09:44 ago (+1/-0)

If trump loses. We are gonna have to do something folks

[ - ] mikenigger 1 point 6 monthsOct 24, 2024 20:32:27 ago (+1/-0)

rt.com

lmao

[ - ] Sector2 [op] 2 points 6 monthsOct 24, 2024 21:54:58 ago (+2/-0)

One of the most trustworthy news sources on this planet. Their most effective propaganda is literally just telling the truth.

[ - ] Zyklonbeekeeper 2 points 6 monthsOct 24, 2024 19:36:46 ago (+2/-0)

I would put Russia's economic standing at an encroaching 2nd to China given that pretty much of the Western 1st world economy is operating on an inflationary and debt ridden system that, in itself, is floating on false employment figures...economies are not sustainable when the over the top majority is employed in the public sector ie government jobs...everything from wooden matches and shoelaces to footwear, clothing, household items and everyday integral items, is manufactured offshore by China or one of it's vassal satellites...here in Kanastan, since mid 80s, the "smoke stack industry", manufacturing/tool & die sector as well as Forestry, oil and gas, has diminished to the point where 2.5 million blue collar jobs have dissappeared, even the low life call center jobs are gone compounded with the 3rd world infestation that has sponged up (fast food) jobs typically performed by part-time students...the West has nothing anymore and it's not good. Just a point of interest, we're at a time right now where tire companies cannot find anyone to fill their needs and the offer of money and benefits ain't cutting it, they need good physically strong and motivated kids with common sense and practical responsibility, it's not there today.
The truth is not being told while the majority of people are too stupid to realize that something is not right.

[ - ] Sector2 [op] 1 point 6 monthsOct 24, 2024 19:53:49 ago (+1/-0)

the majority of people are too stupid

This is the reason for all the problems our species faces. The intelligent few have exploited human stupidity since the beginning.

[ - ] bobdole9 5 points 6 monthsOct 24, 2024 19:13:12 ago (+5/-0)

Lot of good those sanctions are doing.

[ - ] Belfuro 3 points 6 monthsOct 24, 2024 21:50:03 ago (+3/-0)

I told normies in 2022.
They weren't Russian sanctions

They were a blockade of Europe.

Stupid fuckers

[ - ] Sector2 [op] 2 points 6 monthsOct 24, 2024 19:48:16 ago (+2/-0)

They've been pretty good for Russia, and a disaster for the west's blatantly unreliable currency.