The Duran Podcast
Collective West hopes RUSSIAN economy will overheat and CRASH
Nov 3, 2024
The discussion dives into the resilience of the Russian economy amid Western sanctions. Analysts debate whether these measures will trigger a collapse or if Russia is adapting and even thriving. Key points include the soaring growth rates propelled by investments and a strong labor force, along with challenges like inflation. The conversation also critiques the failed oil price cap strategy and reveals misconceptions about Russia's economic diversification. Historical insights on inflation shed light on the evolving macroeconomic landscape.
30:37
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Quick takeaways
- Contrary to Western beliefs, the Russian economy is currently experiencing a surprising growth rate of around 4% driven by significant investments.
- The central bank's decision to raise interest rates to 21% aims to balance economic growth while preventing inflation from overheating the economy.
Deep dives
Resilience of the Russian Economy
Despite widespread belief in Western media that the Russian economy is on the brink of collapse, current indicators suggest the opposite. Analysts report that the economy is experiencing a significant growth rate of around 4% attributed to a remarkable investment boom. This growth is supported by rising demand, increased real wages, and substantial corporate borrowing, which has soared by over 20% annually. The investment is primarily directed towards manufacturing and industrial sectors, creating a robust economic environment that contrasts the narrative of imminent disaster.
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