August 28th, 2020
In this video, the speaker discusses the importance of Russia and China in the global economy and how developments in these countries impact the oil markets and the global economy. The speaker then focuses on the current state of Russia's economy, noting that Russia is the most sanctioned country in the world, particularly in the oil sector. The World Bank initially forecasted a grim outlook for Russia's GDP, investment, and inflation, but these estimates were later revised. The IMF also provided estimates, stating that there would be a 3.4% hit to Russian GDP. However, recently, the IMF has suggested that Russia's GDP might grow slightly. The speaker emphasizes the complexity of making accurate estimates in the world of economics.
Key topics: Russia's economy, sanctions, GDP, investment, inflation, oil sector, estimates
#Russia #China #global economy #oil markets #sanctions #GDP #investment #inflation #oil sector #estimates
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