The UN has published its global cities ranking for 2022, and has awarded Moscow the top spotamong large cities for quality of life and infrastructure, commending the metropolis for its transportation and its citizens’ well-being.
UN-Habitat’s City Prosperity Index, published Wednesday, ranks 29 major global cities on six indices that are “fundamental for a city to be more prosperous.
” These include productivity, infrastructure development, quality of life, equity and social inclusion, environmental sustainability and urban governance and legislation. Across all categories, Moscow ranked third, behind Singapore in first place and Toronto in second. Rounding out the top five are Sydney in fourth place and London in fifth.
russia, under the guidance of st poots, has recovered from the catostrophic break up of the soviet union ... and weathered the sanctions imposed by the west ..
it is the economy stupid..
watso has not double checked the following .. (but from MoA Posted by: canuck | Mar 19 2024 10:30)
Trading economics lists 7 key indicators (plus credit rating which is too political to count). On these
GDP growth: This is too embarrassing for TrEc to publish properly. Russia 5.5%, Albania 2.3%, the EU and the European area both 0 while Germany and UK both at -0.3% (you have to look at Country specific data to find the 5.5 figure. Apparently for GDP growth Russia does not exist in the summary page.
Unemployment: Russia 2.9%, the EU and the European area 6.4 and 6%, Germany 5.9% UK 3.9%. . Debt to GDP: Russia 17, the EU and the European area 83.5 and 90.4. Russia is killing the rest of them - except Germany but it is weakening now.
Current account/GDP: Russia way way better - strongly positive. EU and Uk are basket cases
Balance of Trade: hard to compare but Russia is positive and UK and France negative
All these 5 place Russia very much the strong man of EuropeThen there are two which are poor probably because of strong GDP growth:
Inflation: high at 7.7% compared with Europe at about 2.8
Interest rates: At 16% unacceptably high.
So essentially of these 7 indicators Russia is killing the rest on 5 of them. If you delve deeper into manufacturing output and PMI and general confidence the story is the same."
inflation might be high, but real wages are growing at an impressive rate
Russia Real Wage Growth Quickens to 8.5% in December
Real wages in Russia rose by 8.5% year-on-year in December 2023, accelerating from a 7.2% advance in November. It marked the 15th consecutive month of real wage increases. Meanwhile, average nominal wages grew 16.6% from a year earlier to 103,815 roubles and jumped by 41.5% over the month.
In Russia, Real Wage Growth measures the year-on-year change in average monthly wages adjusted for inflation
