Russia's economy is much worse than it seems, and elites are increasingly alarmed as alternate GDP gauge shows huge cont

[Yo_Mama_Been_Loggin]

contraction

The Swedish government has come up with some drastically different economic figures on Russia that make the Kremlin’s official data seem like a Potemkin village.

In a New York Times op-ed on Wednesday, Foreign Minister Maria Malmer Stenergard cautioned the West against overestimating Russia and said the economy is more fragile than it appears.

While Russia has claimed GDP expanded by about 13% between 2020 and 2024, Sweden’s analysis of nighttime luminosity suggests the economy actually shrank by 8% during that span.

Moscow has also lowballed inflation substantially, according to Stenergard, who pointed out that Russia’s official inflation figure in 2024 was 10% while the central bank hiked interest rates to 21% that year.

https://www.msn.com/en-us/money/markets/russia-s-economy-is-much-worse-than-it-seems-and-elites-are-increasingly-alarmed-as-alternate-gdp-gauge-shows-huge-contraction/ar-AA23XXGU