I did nothing and I’m all out of ideas!

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Joined 1 year ago
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Cake day: June 11th, 2023

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  • Nice data, but I think we should take a broader view too:

    https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=2023&locations=RU-IN&start=2019

    I semi randomly picked India because it is part of BRICS and had a similar economic trajectory: It is quite interesting playing with all those nobs and labels.

    In this context I think PPP - which you showed - is a good indicator of the internal quality of living, but as far as I understand it, it has an hard time showing the difference in quality and standards of the consumer products between countries, so a dip in nominal GDP is an interesting context with the PPP adjusted rise. Less expensive things, because they are less regulated?

    Aside from that Russia has almost completely pivoted to a war economy which, as far as I know, tends to give a big initial boost but it stresses and makes the real (for lack of a better term) economy crash in the long run.

    What do you think about this? It is an interesting topic.