Many will recall last year’s news that Russia had overtaken Germany for the 5th spot in GDP PPP. At the SPIEF, Putin announced that Russia has now officially surpassed Japan for the 4th spot, according to the World Bank: But first a little background:
  • lesserprophet@lemmy.worldEnglish
    0·
    20 days ago

    I have already argued at length that Russia, being the most sanctioned and economically undermined and terrorized country on earth, via embargoes and outright industrial sabotage like the Nordstream attacks, may be underachieving—for now—while hiding a far more powerful economy than current records imply. If you take away those artificial handicaps unfairly gimping Russia’s economy, then it is almost certain that Russia’s true unmeasured economic might is that of 3rd place behind China and the U.S. It’s remarkable that even under unparalleled attack, Russia is able to command one of the fastest growing and most robust economies in the world.

    Oh boo hoo. Maybe Russia should consider ending their war of aggression so the world can see how powerful their economy actually is.

  • Rikudou_Sage@lemmings.world
    English
    0·
    20 days ago

    What a load of bull crap. GDP PPP does not mean they’re the 4th largest economy, even if the numbers could be trusted (no idea if they can, I don’t really care).

    Also the comment from that Russian fella is hilarious - apparently they have larger salaries than Americans! Especially funny given the context where the USA is above Russia in GDP PPP.

    Usually when you talk about “largest economies”, you talk about nominal GDP. And congrats Russia, thanks to waging a war, you have apparently fallen out of the top ten!

    In short, this is a propaganda piece which is intentionally very misleading and full of lies and half-thruths.