Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
www.businessinsider.com
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
- Russia's economy, boosted by military activity, is now classified as high-income by the World Bank.
- Russia's GDP grew 3.6% in 2023, with trade and financial sectors rebounding.
- The World Bank also upgraded Bulgaria and Palau, while the West Bank and Gaza were downgraded.