Russia sanctions: Amazing how some investment bankers don't understand that people live from economic growth, not macroeconomic stability, looking at budget surplus & reserves rather than real disposable income falling by 11% since 2014.
ft.com/content/8ba328….
ft.com/content/8ba328….
"Putin has become a model of orthodoxy"! But Russia's GDP in USD has fallen from $2.3 trillion in 2013 to $1.5 trillion in 2020. Is your intention to starve both the Russian people & your foolish investors, Ruchir Sharma?
"Putin talks of boosting economic growth" Not quite true.
"which has average barely 2 per cent over the past decade." No, 0.3% a year since 2014, when sanctions hit, 1.1% a year 2011-20. Check elementary facts before writing!
"which has average barely 2 per cent over the past decade." No, 0.3% a year since 2014, when sanctions hit, 1.1% a year 2011-20. Check elementary facts before writing!
"Today Russia is less vulnerable to outside pressure than in 2014."
Morgan Stanley banker celebrating Russia's aggravated poverty. Give the money to the Kremlin and not to the people!?
Morgan Stanley banker celebrating Russia's aggravated poverty. Give the money to the Kremlin and not to the people!?
Further Morgan Stanley celebration of increased Russian poverty: "Finally, the Kremlin is making import substitution work. It countered international sanctions by blocking food imports, which has invigorated Russian agriculture and reduced dependence on foreign suppliers."
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