Russia's Economy Thrives Despite Sanctions and SWIFT Removal In defiance of sanctions ...

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2024-04-21 11:02:55

Russia's Economy Thrives Despite Sanctions and SWIFT Removal

In defiance of sanctions and expulsion from SWIFT, Russia's economic resilience shines through, as indicated by the latest report from the International Monetary Fund (IMF). Projections suggest that Russia will emerge as the top performer among advanced economies in the upcoming year.

The IMF's forecast paints a picture of steady growth for Russia, with an expected expansion of 3.2% in 2024. This growth trajectory surpasses that of the United States, projected at 2.7%, and Germany, the former 'powerhouse' of Europe, forecasted to grow by a mere 0.2% (which won't happen in the private sector).

The repercussions of cutting off European access to Russian energy sources have been unexpected, with a surge in foreign investments pouring into Russia from all corners of the globe. This influx reflects the global community's eagerness to witness Russia's ascent to the ranks of advanced nations.

https://www.armstrongeconomics.com/world-news/world-trade/russia-set-to-outpace-all-advanced-economies-sanctions-failed/

#Russia #IMF #Sanctions #SWIFT

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2024-04-21 11:02:55

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