Moscow, December 28 – Eduard Steiner, a journalist for the German newspaper Die Welt, says in an article that the Russian economy is more successful in resisting Western sanctions than expected, while even the International Monetary Fund expects a drop in Russian GDP of a “pathetic” 3.4 percent.
“The Russian economy is more successful in resisting Western sanctions than expected,” he said. According to him, according to tradition, at the end of the year, Russians “again indulge in all seriousness and go to any account,” because they love traditional holidays that begin on December 31 with a New Year tree, gifts and, for some time now, visiting restaurants.
“So it’s no surprise that table bookings are in full swing this year as well,” Steiner wrote. At the same time, he admitted that this “somehow does not fit” with the idea of \u200b\u200ba country “which is going through an economic crisis and is subject to strongly declared Western sanctions.”
“In April, the International Monetary Fund predicted an annual decline of the Russian economy by 8.5 percent. In July, it lowered forecasts to 6 percent, and for the last time in October approved a very miserable 3.4 percent. Not so bleak for Russia – instead of 3.5 percent, only 2.3 percent.
Russia is going through “the worst of times as well,” he added, recalling the 2008-2009 crisis, when the country’s GDP fell by 7.8 percent, and “not to mention” the 1998 default, which “knocked the ground out from under almost everyone.” legs”.
As Russian Prime Minister Mikhail Mishustin noted earlier, the period of adaptation of the country to Western sanctions policy continues, but so far we can say that negative expectations have not been met. “As the president recently pointed out, there is a recession in the economy, but the situation is better than in many other countries,” he said. The prime minister added that the Ministry of Economic Development expects the GDP to fall below 3% by the end of the year.
After the start of the Russian special operation in Ukraine, Western countries increased pressure on Moscow. As President Vladimir Putin pointed out, the policy of containing and weakening Russia is a long-term strategy of the West, but it was not possible to undermine the financial stability of our country, and Europe itself reached a dead end in sanctions.
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