Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
  • Russia’s economy, boosted by military activity, is now classified as high-income by the World Bank.
  • Russia’s GDP grew 3.6% in 2023, with trade and financial sectors rebounding.
  • The World Bank also upgraded Bulgaria and Palau, while the West Bank and Gaza were downgraded.
  • @AlleroEnglish
    6•1 month ago

    Which was, however, said since the very beginning of the war.

    Don’t get me wrong, Russia is making a grave for itself rn, but I doubt it will suddenly shatter. There is potential for growth, though it will be hampered given the ways Russia currently manipulates its economy.