UkraineWorldAt the beginning of invasion, Russian economy was predicted to shrink by 15% but it didn't happen. However, focusing on traditional economic measures such as GDP may be misleading. The figures for Russian economy's modest rise may be explained by soaring military expenditures.1/3
The war industry prioritized by the state works relentlessly in 2 or even 3 shifts. If we take away the military component, the state of the Russian economy would look much more pessimistic. 2/3
Even according to Russian official figures, in 2022 car production was down by 67%, excavation machinery down by 53% and television receivers down by 36%. 3/3
#UW_InfoWatch #AgainstRussianLies
#UW_InfoWatch #AgainstRussianLies