https://foreignpolicy.com/2023/02/12/us-russia-sanctions-war-economic-pressure/other, it’s become clear that they are not a “magic tool.” As the two discussed, assessing whether sanctions are working requires understanding what they were meant to accomplish in the first place."
"Last week, two experts on sanctions—Agathe Demarais and Nicholas Mulder—debated the effectiveness of U.S. economic pressure on Russia with FP’s Ravi Agrawal. On the one hand, both agreed, U.S. sanctions have weakened the Russian economy; on the
Uplifting economic news to Vladimir Putin from the IMFinternational body recently estimated that Russia will avoid a recession in 2023 and expand by 0.3% after shrinking by 2.2% in 2022. That amounts to a quasi-stagnation, but still looks too positive.
"LONDON, Feb 10 (Reuters Breakingviews) - The International Monetary Fund delivered some uplifting economic news to Vladimir Putin. The Russian president should now make the case to his own government, which doesn’t share the IMF’s optimism. The
At first glance, the Fund’s latest forecast is a reason for hope for an economy battered by the cost of its invasion of Ukraine and associated sanctions. And even though the global economic prospects do not look as dire as they did a few months ago,the Russian revision is significant. In October, the IMF was seeing the country’s GDP contracting by 2.3% this year.
The IMF hasn’t detailed the assumptions underpinning its upbeat Russian outlook. Russian economists, polled this month by the country’s central bank, are still expecting GDP to fall by 1.5% this year. And the economy ministry still predicts thatoutput will contract by 0.8%, according to Russian independent publication The Bell."
https://www.reuters.com/breakingviews/imfs-outlook-russia-is-too-rosy-be-true-2023-02-10/
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