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.
  • Flying Squid@lemmy.worldEnglish
    252·
    5 months ago

    And no matter how many times this story is posted, the truth is still that they’ve reached their peak and they have nowhere to go but down.

    • Allero@lemmy.todayEnglish
      71·
      5 months 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.