Decomposed > That's fine if you see some sign of it. But you shouldn't ASSUME it. That would be silly.
That is true, De.
Which is why I typed 'it would not surprise me'. Meaning it might be accurate.
But, I did not find what I would call 'firm' GDP figures for Russia for 2024.
The invasion of Ukraine was 2022. According to the GDP figures I cited, Russian GDP was down by some 10% in 2023.
It is possible 2024's GDP was similar to 2023 - but that would still be down 10% from 2022.
And then China has its own 'misleading statistics' . .
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China’s Misleading Economic Indicators
http://carnegieendowment.org/posts/2014/08/chinas-misleading-economic-indicators?lang=en
August 29, 2014
Whether one feels positive or negative about China’s economic prospects, everyone can agree that its indicators are a mess. But the fact that the data are flawed does not mean that they are deliberately manipulated to yield a particular outcome.
These distortions affect two key policy concerns that dominate public attention. One has to do with purportedly overstated gross domestic product growth rates. The other involves perceptions about China’s unbalanced growth as reflected in its extremely low consumption share of GDP and high investment share.
Many China watchers believe that officials have deliberately overstated economic growth figures to meet plan targets, citing for example that the sum of provincial growth rates exceeds the reported national rate. Local officials probably do exaggerate but other factors such as double-counting of cross-provincial activities and differing methodologies play a larger role which the centre then reconciles through separate surveys.
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(Article does continue. Zim.)
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