Excellent review from Awara Group on current situation in Russia and the world. I liked that, a confirmation of my fairly durable thesis that Russian economy is grossly undervalued by Western "institutions".
With corona dominating the news, the business media entirely missed the latest IMF GDP figures for 2019, made official on April 22. The PPP conversion now showed that Russia had passed Germany as the world’s fifth largest economy. The other stunning fact was that the Chinese economy is now one-third bigger than the US. Note also, once the UK will be deducted from the EU totals, India alone will be very close to overtake the EU in economic size.We stress that the PPP conversion is the only sensible way to measure the relative size of countries’ economies. The PPP measures the real output of goods and services, whereas the nominal GDP only measures how expensive one country is relative to another.
I, not being a professional economist, let alone financier, am delighted that my economic views correspond quite well to the vector of Awara Group's analysis and their excellent efforts of giving a good name to real economy professionals, which they, certainly, are by being correct or very close as economic forecasters practically all the time. Stability and consistency are first signs of class. Enjoy.
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