You don't measure in nominal you measure in PPP and obviously under PPP Russia economy dwarfs California And let's not forget that California economy mostly vapor services which honestly not economy at all
Russia’s New Year Holiday Turns Into a Countdown to Economic Crisis https://www.themoscowtimes.com/2024...ns-into-a-countdown-to-economic-crisis-a87370
I think CA's gdp is greater than Canada's too but I don't want to say that out loud out of sensitivity to our Canuck forum members here who are becoming increasingly depressed.
Nooo... one... pumps like Gazprom, no one dumps like Gazprom, no one's stock hit a 16 year slump like Gazprom Gazprom shares hit their lowest price in 15 years, capping a disastrous year for a linchpin of Russia's economy https://www.businessinsider.com/gazprom-shares-fall-lowest-price-15-years-eu-export-headache-2024-12
Where are Russian shoppers going to shop? Oh never mind... there is nothing of value in any of the stores to start with -- now that most western brands have left. This is why they are stealing washing machines in Ukraine. 25% of Russian malls may face bankruptcy in 2025 https://kyivindependent.com/quarter-of-russian-malls-may-face-bankruptcy-by-2025-report-warns/
Russia's economy will be ground to a halt by 2026 according to a leading think tank. Russia's economy has irreversibly turned toward a 'stagnation trap,' think tank says https://www.businessinsider.com/rus...-growth-defense-spending-crisis-putin-2024-12
Russia’s war machine is running on fumes as industry warns of bankruptcies and the Kremlin gets old tanks from movie studio https://fortune.com/2024/12/21/russ...ankruptcies-tanks-movie-studio-ukraine-putin/