An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Sunday, September 27, 2020
TASS — Domestic demand to become main source of GDP growth in Russia in 2021-2023, says ministry
Russia is joining China in developing the domestic economy as the driver of GDP.
Russia and China are also increasing trade, reducing dependence on the others.
Both countries are restructuring their economies owing to sanctions and increasing their strategic alliance economically as well as militarily.
TASS
Domestic demand to become main source of GDP growth in Russia in 2021-2023, says ministry
see also
Finances improving as Russia de-dollarizes. But revenue from oil exports is also important, and GS sees the oil price rising over the next couple of years.
Sputnik International
Russian Ruble is One of Top Emerging Market Currency Picks by Goldman Sachs After Pandemic
This is interesting, but has to be set against Russia's high, and rising, wealth inequality. Income inequality is not so bad. Unfortunately, the World Inequality Database's wealth data for Russia ends in 2015. https://wid.world/country/russian-federation/
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