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The John Batchelor Show

#RUSSIA: GDP 3.6% of weaponry. Michael Bernstam, Hoover Institutio

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 8 February 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary


#RUSSIA: GDP 3.6% of weaponry. Michael Bernstam, Hoover Institution
https://www.reuters.com/world/europe/russias-gdp-boost-military-spending-belies-wider-economic-woes-2024-02-07/?taid=65c397760d4e6700011c7ca9

1896 St Petersburg Coronation Nicolas II

Transcript

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0:37.0

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0:38.0

Severe sanctions on Russia since the beginning of the war nearly two years and now the news.

0:45.0

Russia's economy grew 3.6% last year, 2023,

0:50.0

thanks to a boost in military spending because of the offensive in Ukraine,

0:55.0

although long-term economic challenges remain official data showed within these hours.

1:01.0

I welcome Michael Bernstom of the Hoover Institution to help me

1:06.3

understand last year it was minus 1% of the Russian GDP after the first full year of war and now it's plus 3.6%.

1:19.0

Michael, a very good evening to you.

1:20.9

The sanctions are working, I understand that. So we need to understand

1:25.7

this 3.6 percent. Given that the economy is now said to be a slogan they used in the

1:31.7

great patriotic war. everything for the front.

1:35.6

What does it mean everything for the front and growing?

1:38.3

Good evening to you.

1:39.3

Good evening to you.

1:41.3

3.6% is a very impressive growth. This is a preliminary estimate because if you kind of look at the numbers and try to make sense out of them, they don't add up. If you look at the GDP, all right, 3.6% gross.

...

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