Perhaps the most remarkable aspect of the past year is how well the economy has held up under the strain of war and occupation, even allowing for the fact that around 70% of the Ukrainian budget is covered by international assistance. Inflation has been kept under control, falling from 27% in December to 11% last month. GDP will grow slightly next year by 1%-2%.
For comparison, Russia’s economy, which is on the verge of collapse, is forecast to be around 7.5% inflation this year, with GDP growth around 4.9%, and its budget is not covered by international assistance.
Perhaps the most remarkable aspect of the past year is how well the economy has held up under the strain of war and occupation, even allowing for the fact that around 70% of the Ukrainian budget is covered by international assistance. Inflation has been kept under control, falling from 27% in December to 11% last month. GDP will grow slightly next year by 1%-2%.
Yes, shooting a dying geriatric with steroids to make them stand up is not a bad outlook
Dude, I’m going to show you how to get rich with this simple trick:
step 1: find a dependent capitalist country and destabilize its government
step 2: find a way to destroy it’s public infrastructure. Just coopt a local comprador class and defund everything, but if all else fails just start a war.
Well, I’m Brazilian so I can tell you: they’ll do it as many times as we allow them.
Since the 90s we had at least three neoliberal waves in Brazil with mass privatization and austerity measures, punctuated by center-left periods of “it’s ok to enrich banks but let’s at least guarantee that people can eat” periods.
I’m curious what they base the assessment that Ukraine’s economic outlook is not bad on.
They will be able to purchase all of Ukraine once the war is over, so it’s not a bad economic outlook at all for the US bourgeoisie lol
A small problem with that plan is that Russia is likely going to be taking over most of Ukraine at this point.
Losing Ukraine isn’t a huge problem, keep your eye on the prize.
To put some numbers to this, Russia exported around 147.8 billion dollars of fossil fuels to the EU in 2021. The USA has spent something like $113 billion on Ukraine now and, in so doing, is securing a big chunk of that tasty energy market for itself for many years to come.
Indeed, Europe will be propping up US economy for decades to come.
For comparison, Russia’s economy, which is on the verge of collapse, is forecast to be around 7.5% inflation this year, with GDP growth around 4.9%, and its budget is not covered by international assistance.
Yes, shooting a dying geriatric with steroids to make them stand up is not a bad outlook
It’s ripe for some good old neoliberal shock therapy and mass privatization.
BlackRock be like
Dude, I’m going to show you how to get rich with this simple trick:
step 1: find a dependent capitalist country and destabilize its government
step 2: find a way to destroy it’s public infrastructure. Just coopt a local comprador class and defund everything, but if all else fails just start a war.
And so on.
Poor fucks are gonna get it twice in 30 years.
Well, I’m Brazilian so I can tell you: they’ll do it as many times as we allow them.
Since the 90s we had at least three neoliberal waves in Brazil with mass privatization and austerity measures, punctuated by center-left periods of “it’s ok to enrich banks but let’s at least guarantee that people can eat” periods.