The stabilization of the Russian economy under Western sanctions has become a surprising event for many foreign economists. This was reported by the British business newspaper. Finance Times.
“The incredible resilience of the Russian economy has stunned many economists,” the author of the article writes.
According to the publication, the first round of Western restrictions threatened Russia with a catastrophic decline, but the country’s economy benefited only against the backdrop of high income from energy supplies and a return to “military Keynesianism” (increasing defense spending to accelerate economic growth). .
FT reminded that the International Monetary Fund (IMF) increased its forecast for Russia’s gross domestic product (GDP) growth to 2.6% in 2024, “taking into account the unexpected resilience of the economy.” However, the publication concludes that in the long term, potential risks are foreseen for the economic stability of the Russian Federation due to imbalances in the labor market and excessive dependence on military spending.
UK edition of Money Week in January WroteHe said Russia’s economy had experienced an unexpected recovery, contrary to Western predictions of an impending “collapse” due to sanctions.
Previous Analyst said About the consequences of the sharp increase in Russia’s gold reserves.