Quote:
Originally Posted by beachGecko
And what does Putin get? Ukraine surrenders and then what? He replaces the government, and? The people of Ukraine hate his guts, and will topple any puppet government (see Afghanistan). Meanwhile, the economy of Russia is in shambles.
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I'm going to address what Putin gets if Ukraine surrenders in a lengthier reply to poster ResistTheReset, but regarding Russia's economy...
Economic data released in 2022 shows that:
- Industrial production for December 2021 YoY (compared to December 2020) punched in at 6.1%. This surpassed forecasts of 4.5%, although it fell from the previous figure of 7.0%.
- Industrial production for January 2022 YoY was reported at 8.6%. This surpassed forecasts of 7.2%, and it surpassed the previous figure of 6.1%.
- Cargo shipments for December 2021 YoY punched in at 2.8%. This fell short of forecasts of 5.1% and fell from the previous figure of 5.8%.
- Construction for December 2021 was reported at 8.4%, surpassing forecasts of 4.5% and surpassing the previous figure of 6.9%.
- Unemployment reported earlier this month, for December 2021, came in at 4.3% - matching forecasts and matching the previous figure. Next week, Russia will announce January unemployment, which is foreast at 4.2%.
- Consumer and production prices were reported in January and this month for December and January; some figures (year over year and month over month) surpassed forecasts while others came under forecasts. That said, inflation is higher all over the world. U.S. CPI reported weeks ago was the highest since 1982.
- Russia is yet to release its most recent GDP data, but their budget balance and trade balance are in the green.
The U.S. is in the red.
This doesn't mean every Russian is living it up with the purchasing power to buy BMWs, to eat Ossetra caviar every day, and to fly first class to London or Paris or Milan on every family vacation - far from it. But Russia isn't in shambles based on this data.
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