Russia Ukraine war, page-240818

  1. 23,086 Posts.
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    IMO and with due respect to your economic illiteracy ,
    GDP is the global yardstick by which macro-economists
    measure a country's relative performance/growth and which
    is the determinant in judging when a country is in recession
    (2 consecutive quarters of neagative growth) or depression
    (a drop of 10%+ in GDP)

    GDP is not concerned with the usefulness/outcome of goods/services generated;
    just their generation per se.

    In that respect, Western Economic Sanctions are not having
    the US intended outcome on Russia.(so far)

 
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