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dragut

2,200 Posts.

12/04/23

21:45

Post #: 67244915
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Originally posted by tangs: ↑

"The GDP, exchange rate, inflation, unemployment. This stuff is either manipulated or misleading and doesn't present the whole complex picture.
"GDP includes a lot of wartime produce. If you look at the breakdown of industrial output, the biggest item, which has grown three times in the year, was uniforms.
"We see a lot of these uniforms actually rotting on the Ukrainian battlefields, which means that, (as) a wartime produce, it can boost GDP short term but it doesn't have any multiplier.

If things get worse, Mr Milov believes the political elites could abandon their president.

https://www.abc.net.au/news/2023-04-12/former-putin-minister-says-sanctions-will-work-against-russia/102194568

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GDP is bull shit. Experts only look at three indexes--Electricity Consumption, Transport turnover volume and bank loan amount.
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