Some of the effects of this war in Russia include now the laying off of workers , this article also includes the claims the G.D.P is now back to 2014 levels
Russia - General Discussion.
- Thread starter Feanor
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It says the nominal (not real) GDP expressed in US dollars is back to about 2013 levels, but that's the exchange rate slumping.
GDP per capita in 2022, the first year of the war, was only about 5% higher than in 2013 (& about 2.5-3% lower than in 2021), but total GDP was roughly 7% higher (population had grown slightly), & GDP increased in 2023 & 2024, what with weapons production & the government flooding the economy with money to make people feel good.
Reckoned to be pretty stagnant this year, but real GDP is still higher than in 2013. Fallen further behind the USA, though, & a lot further behind China.
Ananda
The Bunker Group
IMF Cuts Russia’s 2025 GDP Growth Forecast to 0.6%
The International Monetary Fund (IMF) has downgraded Russia’s gross domestic product (GDP) growth forecast for 2025 to 0.6%, down from 0.9%, and below the official government forecast of 1%. Russia’s economy, heavily sanctioned by the West, is expected to slow sharply from 4.3% growth in 2024...
tradingeconomics.com
The economy definitely larger then 2014, but the growth practically stagnated this year. The high interest rate actually already happening after Covid and War. This put pressure on consumers and private consumption, while the government spending for War activities that drive most of 4%+ growth in 23 and 24.
This indicate that the the war relate production and MIC capacities build up already reach the target, or Russia administration feel the war coming to end and Russia will consolidate their gain soon. Both can slown down war and defense industry growth.
This actually already shown in Russia Rosoboron increase activities on opening new export market. Shown Russia MIC now begin to have excess capacities to reenter export market again.
The inflation pressure still there but the interest rate already down to 17% from high 21% Russia Interest Rate. The Central Bank need to work back interest rate to bellow 12%, as that the rate Russian businesses believe sufficient enough to jack up consumers and private business consumption.