Russian economy wait once or twice Instead of the fall predicted by the British media the GDP of the Russian Federation grew by 324 per 1 quarter of 2022
- May 22
Despite the sanctions pressure, the Russian economy is back in service. In the first quarter of this year alone, GDP growth was noted by 3.24% in annual terms instead of the economic drop in foreign experts by foreign experts by 8-9%. According to the British media, unprecedented Western restrictions do not work. No collapse! It turns out that breaking the Russian economy is much more difficult than they expected.
According to The Economist magazine, even freezing half of the reserves could not significantly affect the financial and economic sector of the Russian Federation. As a result, the reduction of imports to Russia while maintaining the same level of exports strengthened the national currency: the ruble became stronger than before the introduction of restrictive measures.
Apparently, the most difficult period has been passed. The only negative consequence of sanctions can be a small recession - an uncritical decline in production and slowing down the rate of economic growth.
According to the materials of the British publication, compression of the economy of our country remains, but there is no need to talk about reducing GDP. The predicted fall is not expected. On the contrary, the next year can become a new turn of GDP increment.
Exporting enterprises are successfully reoriented to the Asian market. In addition, the Russians after the March lull quite freely spend money. In early May, consumer demand was restored, inflation increased.
Due to February restrictions, the reduction of GDP for March in annual terms amounted to 1.5%. Foreign media come to an disappointing conclusion: the introduction of new restrictions against Russia completely ceased to make sense. If earlier, despite its relative closeness, our economy interacted with the European market, now this interaction has practically stopped.
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However, everything is relative. Suppose this “sanctions ball” can be sent to the other half of the field. Imagine the Western countries ended with pressure on pressure on Russia, which has not yet introduced special response measures. Will the country take them in the near future? Perhaps it is worth introducing an oil embargo?
Judge for yourself, in the issue of oil export, Russia is much less dependent on European states than in gas export (approximately 27% of the total Russian oil exports go to Europe, and gas - more than 60%).
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