SYNDICATE CAPITAL’s Post

IMF Elevates Russia to Fourth-Largest Economy Russia has surged past Japan to claim the fourth spot globally in terms of Purchasing Power Parity (PPP), according to the International Monetary Fund (IMF). This significant leap underscores Russia's robust economic performance despite facing stringent Western sanctions. Key Highlights: PPP Adjustment: The IMF uses PPP to compare economic productivity and standards of living between nations, accounting for variations in the cost of goods and services. GDP Share: With a 3.55% contribution to global GDP via PPP, Russia surpasses Japan's 3.38% share, solidifying its position as the world's fourth-largest economy. BRICS Dominance: Three BRICS countries—China, India, and Russia—are now among the top economies by PPP, reflecting a steady increase in their collective global influence. Sanctions Impact: The shift is attributed partly to Russia's strategic response to Western sanctions, including aggressive import substitution policies aimed at bolstering domestic production. Evgeny Balatsky, head of the Macroeconomic Research Center at the Financial University, notes, "Implementing aggressive import substitution and establishing our own production explains why Russia’s fourth-place ranking is quite predictable". Additionally, Russian Finance Minister Anton Siluanov highlighted the rising share of BRICS countries in global GDP, reaching 36.7% through PPP measurements. "Amid sanctions and economic challenges, Russia's resilience showcases its strategic adaptability, turning obstacles into opportunities for growth and innovation."— Mazhar Pasha, Executive Director at SYNDICATE CAPITAL Conversely, the G7 countries' combined share has declined significantly from 50.42% in 1982 to 29% in 20241.The IMF forecasts Russia's GDP to expand by 3.6% in 2024, up from its initial prediction of 3.2%, although it trimmed its 2025 growth estimate from 1.5% to 1.3% due to anticipated slowdowns in private consumption and investments1. These adjustments underscore ongoing challenges related to labor market dynamics and wage growth. #RussiaEconomy #IMF #PurchasingPowerParity #BRICS #EconomicGrowth #GlobalEconomy #GDP #RussiaVsJapan #FinancialReporting #EconomicForecast #ImportSubstitution #Macroeconomics #MazharPasha #SanctionsImpact #WorldEconomy #EmergingMarkets #EconomicTrends #FinanceNews #InvestmentStrategies #LaborMarket #WageGrowth #EconomicStandards #GlobalGDP #IMFReport #EconomicResilience #FinancialAnalysis

The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany. Oil exports have "held steady" and government spending has "remained high" contributing to growth, the IMF said. Overall, it said the world economy had been "remarkably resilient." "Despite many gloomy predictions, the world avoided a recession, the banking system proved largely resilient, and major emerging market economies did not suffer sudden stops," the IMF said. The #IMF is an international organisation with 190 member countries. They are used by businesses to help plan where to invest, and by central banks, such as the Bank of England to guide its decisions on interest rates. The group says that the forecasts it makes for growth the following year in most advanced economies, more often than not, have been within about 1.5 percentage points of what actually happens. Despite the Kremlin being sanctioned over its invasion of Ukraine, the IMF upgraded its January predictions for the Russian economy this year, and said while growth would be lower in 2025, it would be still be higher than previously expected at 1.8%. Investments from corporate and state owned enterprises and "robustness in private consumption" within Russia had promoted growth alongside strong exports of oil, according to Petya Koeva Brooks, deputy director at the IMF. Russia is one of the world's biggest oil exporters and in February, the BBC revealed millions of barrels of fuel made from Russian oil were still being imported to the UK despite sanctions. Away from Russia, the IMF downgraded its forecasts across Europe and for the UK this year, predicting 0.5% growth this year, making the UK the second weakest performer across the G7 group of advanced economies, behind Germany. The G7 also includes France, Italy, Japan, Canada and the US. Growth is set to improve to 1.5% in 2025, putting the UK among the top three best performers in the G7, according to the IMF. https://lnkd.in/erHfNPTb #IMFMeetings #Markets #GDP #Growth #Economy #Trade #Forex #WorldEconomy #GlobalTrade

RUSSIA: IMF expects Russian economy to grow by 3.2% in 2024. The International Monetary Fund has forecast that Russia's economy will grow faster than all of the world's advanced economies this year. #Russia #IMF #economy #oil #sanctions #export #resiliance #forecast

The BRICS countries—Brazil, Russia, India, China, and South Africa—are increasingly moving away from dependence on the U.S. dollar in international trade, according to Sameep Shastri, Vice Chairman of the BRICS Chamber of Commerce and Industry. Shastri recently discussed this shift in an interview, emphasizing the bloc’s growing preference for conducting trade using their own national currencies, such as the Russian ruble, Indian rupee, and Chinese yuan. Shastri noted that this trend is part of a broader strategy towards economic self-reliance within the BRICS nations, challenging the longstanding dominance of Western economies. “We should not be dependent on one single currency,” Shastri asserted, highlighting the need for BRICS countries to strengthen their own currencies and economies. The BRICS bloc, which expanded earlier this year to include Egypt, Iran, the United Arab Emirates, Saudi Arabia, and Ethiopia, is increasingly positioning itself as a counterbalance to Western economic power. Shastri pointed out the significant influence of Russia, India, and China, describing them as key players among the world’s emerging economies. Read More: https://lnkd.in/gy9G9xqP

KSE: Russia’s overheating economy increasingly hard to manage #bne #bneEditorsPicks #macro #Russia #RussiaUkraineWar #sanctions #KSE #budget KSE Institute has released its new August Russia Chartbook “Russia’s Overheating Economy Increasingly Hard To Manage.” The Russian government’s efforts to maintain macroeconomic stability are facing growing challenges, yet it still retains the capacity to manage them. To put more pressure on its economy and expose vulnerabilities, it is crucial for Ukraine’s allies to consistently strengthen sanctions against Russia. The Russian economy is showing signs of weakening as activity in several key sectors slowed down in June, largely due to tighter monetary policies. Despite the central bank raising its policy rate to 18%, a significant increase since early 2023, inflation continues to rise. This suggests that managing the economy amidst war and sanctions is becoming increasingly challenging, even though headline indicators like GDP remain strong.

BRICS Leaves G7, IMF Announces Decline of European Industry for the First Time IMF has released a report detailing a productivity decline across all sectors of the EU economy. This drop is directly tied to the loss of affordable energy and raw materials from Russia, as well as the loss of the vast Russian market. The IMF also noted that sanctions are stifling investment growth and capital flow in Europe. IMF Growth Forecast, 2024: India🇮🇳: 6.8% (BRICS) China🇨🇳: 4.6% (BRICS) UAE🇦🇪: 3.5% (BRICS) Russia🇷🇺: 3.2% (BRICS) USA🇺🇸: 2.7% (G7) KSA🇸🇦: 2.6% (invited to join BRICS) Brazil🇧🇷: 2.2% (BRICS) Canada🇨🇦: 1.2% (G7) South Africa🇿🇦: 0.9% (BRICS) Japan🇯🇵: 0.9% (G7) France🇫🇷: 0.7% (G7) Italy🇮🇹: 0.7% (G7) UK🇬🇧: 0.5% (G7) Germany🇩🇪: 0.2% (G7) It’s clear that Russia, China and the global south hold the keys to the future, while the US continues to decline, and colonial Europe descends into decay. Adding to concerns, the U.S. recently hinted at potential sanctions on Russian titanium and palladium. Prices on the stock exchanges jumped by 10%, as Russia controls 45% of the world’s palladium market. As with Russian uranium, the U.S. will exempt itself from restrictions, while the EU will face a ban, adding further strain to European industry. For the U.S., European producers are direct competitors. Washington’s strategic goal is clear: eliminate the competition and shift production to America. Nothing personal—just business.(*) #geostrategy #geopolitics #russia #china #india #uea #ksa #economy #nuclear #energy #money #finance #monetary #business #worldaftercovid19 #postpandemic #europe #asia #oilandgas #newcoldwar #coldwar #food #europecrisis #crisis #dedollarization #hybridwar #gas #oil #imf #worldbank #recession #foodcrisis #deindustrialization #BRICS

🌏 Russia: The World’s 4th Largest Economy! 🚀 The World Bank has revised its GDP rankings, revealing that Russia is now the 4th largest economy based on PPP. Despite facing numerous sanctions, Russia’s economy continues to grow. 1. World Bank Update: Russia is now the 4th largest economy based on PPP-based GDP. 2. Against Sanctions: Despite sanctions from the US, UK, and EU, Russia’s GDP grew by over 3% last year. 3. Oil Exports: Discounted Russian oil is refined by China and India, then re-exported to the West. 4. Public Spending: Increased military spending boosts GDP. 5. Inflation Control: The Ruble dropped by a third in 2023, but interest rates were hiked to stabilize the economy. 6. Future Outlook: Economists question the sustainability of this growth. Only time will tell! ⏳🔍 Russia’s resilience in the face of global challenges is a fascinating economic story to watch! 🌐✨ #Economy #WorldBank #Russia #GDP #GlobalEconomy #EconomicGrowth #OilIndustry #Sanctions #Finance #BusinessNews

Get ready for Latin America's economic resurgence! According to the International Monetary Fund's (IMF) "Global Economic Outlook for 2024" report, Venezuela is leading the way to a prosperous future with an estimated 4.2% GDP growth and a 2.5% increase in private consumption. With promising forecasts of increased oil production and growth projections surpassing those of its neighbors, the opportunities for investment in Venezuela's untapped potential are boundless. But that's not all - the IMF report also unveils a world outlook of sustained growth, with a global economy on the rise. It's time to ride this wave and be part of the economic change that's transforming the world! Don't get left behind: join the economic revolution and discover a new horizon of opportunities! 🌎💰 #GlobalEconomicOutlook #SeizeTheOpportunity #EconomicFuture #VenezuelaEconomicBoom #InvestmentPotential #InvestInVenezuela #OpportunityAwaits #EconomicRevival #VenezuelaProsperity

Latest on asiapowerwatch.com - The Dollar-Renminbi tango: the impacts of Argentina’s potential dollarization on its relations with China. Ahead of libertarian candidate Javier Milei taking office as President of Argentina, Otaviano Canuto, Principal at the Center for Macroeconomics and Development & Senior Fellow at the Policy Center for the New South, and Xiaofeng Wang are analyzing the potential impacts of the President-elect's promise for a full dollarization of the Argentinian economy on the nation's economic relations with China. In a somewhat countercyclical development, after Argentina was recently invited to join the first wave of BRICS expansion, "Milei’s challenges in addressing Argentina’s multifaceted problems, coupled with China’s interest in maintaining a stable bilateral relationship, suggest that pragmatic considerations may ultimately determine the course ahead." For additional comments on the impact for BRICS expansion and de-dollarization momentum, see Confluence Consultants commentary here: https://lnkd.in/eGaxsPmj #argentina #china #dollarization #brics #milei #centralbanks #globalsouth #asiapowerwatch

Geoeconomic Hamlet asks: To IMF or to BRICS, that is the question. […] Western-led order’s unraveling on full display as BRICS gathering in Russia gives IMF meet in US an economic reality check. […] #brics #imf #dedollarization #currencies #petrodollar #petroyuan #saudiarabia #china #russia #kazan2024 #india #southafrica #finance #debt