top of page
Search by Topic / Keyword...

Topic:

Propaganda

Country:

Russia

Issue:

Article ID:

55

Title:

Russia fools us economically, their statistics are a collection of lies - opinion

Author:

Aleksei Bayer

Date:

April 9, 2023

Source:

Jerusalem Post

Reference:

Summary:

Quotes:

Russian economic statistics are a collection of lies and distortions. They are meant to convince people at home that their economy is chugging along despite the war, and people abroad that Western economic sanctions don’t work and therefore should be rescinded. Many international economists, including official organizations, have bought into this type of Russian propaganda. When strict sanctions were imposed on Russia at the start of its invasion of Ukraine, the Russian economy was expected to plunge by some 10-15% during 2022. That didn’t happen: based on official data Russia’s real, or inflation-adjusted GDP declined by only 2.2%. Russia actually performed better in wartime and under Western sanctions than during the pandemic year 2020, when its economy shrank by 2.6%...International economists have been equally optimistic. Last fall, the International Monetary Fund expected Russia’s economy to contract by another 2.3% in 2023; it now predicts 0.3% growth followed by an even faster 2.1% expansion in 2024. This, too, compares favorably to prewar years: prior to the pandemic, the Russian economy grew by only around 1% a year, on average... the best way to see how Russia falsifies its economic data is in its inflation statistics. Officially, inflation peaked last April at around 18% and came down in 2022. It stood at 11% in February 2023. This is not much worse than before the start of the war, when inflation measured around 9%.he official figure is impossible to confirm or refute, but common sense and indirect evidence suggest that actual inflation is running substantially higher.

Key Data:

Notes:

Thanks for submitting!

©2024 Ukraine Culture and Liberty Foundation. All rights reserved |  Terms of Use  |  Privacy Policy

bottom of page