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.
The whole information is in this paragraph:
The rest is basically padding and speculation, which can be summarized with:
“On december there could be a cut up to 50 points, or none, no one knows because we have no idea what is going to happen and we are going in blind. The growth was higher than expected (.4 instead of .2) but the inflation was too (2, instead of 1.7).”
What a time to be alive. I’m not worried at all about the future.