this post was submitted on 09 Jul 2024
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  • Russia's economy, boosted by military activity, is now classified as high-income by the World Bank.
  • Russia's GDP grew 3.6% in 2023, with trade and financial sectors rebounding.
  • The World Bank also upgraded Bulgaria and Palau, while the West Bank and Gaza were downgraded.
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[–] realitista@lemm.ee 27 points 2 months ago (7 children)

Sure, you can create a lot of economic activity by building a lot of stuff and blowing it up, but in the end all you get is still a bunch of rubble. Pouring most of your economy into building rubble generally doesn't end well.

[–] hakunawazo@lemmy.world 5 points 2 months ago (1 children)
[–] Bahalex@lemmy.world 2 points 2 months ago* (last edited 2 months ago)

Russian economy tanks, piles of roubles…

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