Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
  • 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.
  • masterspaceEnglish
    303·
    1 month ago

    If what this report seems to suggest is what it’s actually suggesting, it’s more likely that the war has spurred a crackdown on corruption and there’s now less money flowing to oligarchs and then out of the country.