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by somenameforme
976 days ago
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Again, the figures are coming from the IMF, who not only assess the figures independently, but also offer their own independent projections as well. And a weak currency is not an inherent problem. For net exporters it's a benefit. It means that right now Russia is getting more ruble for every ounce of oil they sell, yet the buyers aren't paying anymore for it. Win win for everybody. If those inflows don't create real problems, like inflation, then the low exchange rate is just driving wealth generation and economic growth. This is why export heavy places like China go out of their way to weaken their currency. As for pariah, the main countries trying to "isolate" Russia are the US and the usual suspects. And "we" make up less than 15% of the world. It's why we carried out the equivalent of a nuclear economic attack with the sanctions, yet here we are, a year later, debating minutia when looking at the impact. |
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