Vann7 wrote: T055 wrote: sepheronx wrote: T055 wrote:
1% grow is a grow.
ALso you ignore other values ,GDP alone is not indication of good economy. The ratio of your debt to your GDP is also very important.. UK economy is much worse and France is in much worse condition that Russia. And contrary to the European Countries ,Russia is an energy superpower .So they will never experience a cold winter or be left without electricity.. Russia is a self Sufficient country that can supply alone all its needs. Have all the energy and food they need. Russia is the THird Major exporter of Wheat ,Fish ,water ,Caviar . They supply like 50%-70% of their food needs and buy the other to foreign nations. If Russia economy was weak ,they will not be building Warships and submarines like there is no tomorrow. Russia only spend 4% of its GDP in defense... and is right now third in the world in military spending after US and China. So if Russia is "weak".. everyone else in the world is..Minus China and US.
As 2013, Russia was the 5th Largest world economy in terms of purchasing power.. Only surpassed by Japan
,India ,CHina and US.
Russia breaks into top 5 world economies, displacing Germany http://rt.com/business/russia-gdp-5th-largest-158/
There are other tables important for economy that shows the ratio of Debt vs GDP.. and Russia is far superior than France and UK ,but also USA in debt.. A $3.4 Trillion economy cannot be a "Weak" nation under any standard.
RUssia have a healthy debt of $800 billions that was used for its pipelines that they will have no problems to pay..
USA in the other hand have a hidden Debt of $222 TRILLIONS !!!
Thanks for your reply.
But I cannot agree.
It's projected to be 0,5% growth - not 1%. But either way, we'll know what the number was in January, as sanctions have started to bite now, for both the EU and Russia. So this is not gonna be "pretty" for neither EU or Russia.
I do agree that ratio of your debt is also important. However, you're forgetting that these countries (U.S. and EU), have massive technological and military advantage, not to mention the fact that the combined economy of the U.S and the EU is 16 times bigger than Russia. And they also spend between 10 and 12 times more on weapons than Russia does.
Furthermore they have 6 times more people than Russia.
Also they have something that Russia is never going to have, which is the dominant currencies (Dollar and Euro). The only country that can challenge this is China, and no one else. Because China has more people than U.S. and EU combined; China has soon as big economy as the U.S., and China has massive civilan and military techological research going on.
Therefore Russia has two choices: either be destroyed by the aggressive West or adapt to Yuan currency, together with Russia's ally, China.
Also, you have to keep in mind that the EU can if they want to, "slaughter the welfare states" in their respective countries in order to reduce debt. However, it depends how well people are going to react to this. But don't make a mistake, thinking the West is weak.
Russia doesn't have that kind of welfare state as the case is in Western Europe - thus Russia has less public expences. Everyone has to "save themselves" in Russia.
As long as Western terror Alliance can force others to use dollar or euro, they'll have an edge. And that's a big problem.
Russia spends 4,1% of its GDP on defense. Which is actually more compared to the U.S.
U.S. spends 3,8% of its GDP on defense, while China spends around 2% of its GDP on defense.
Which means, there is not much room for Russia to go all-out against the U.S. in any way possible.
China on the other hand, can double its current defense budget if they want to spend 4% of its GDP on defense.
Russia is 6th economy in the world measured in PPP:
1) USA
2) China (China being biggest by 2018)
3) India
4) Japan
5) Germany
6) Russia
So when I say Russia is "weak", the fact is that Russia is no superpower anymore, nor can it take on the U.S. and the EU simultaniously.
So Russia better start buildning some real and serious alliance with China and India, and not just mess around "strategic partnership" and other blah blah diplomatic frases.
If Russia doesn't build serios alliance, then the West is going to destroy Russia. The West has already started it's war a while ago. Ukraine is just another country they are laying IN RUINS, after Iraq, Libya and Syria, whilst destroying Iranian and Venezuelan economy (both having 30-35% inflation).