Having successfully adapted to the sanctions onslaught and fueled by growing oil prices Russia’s GDP surged in real terms by 5.8% in the first quarter of 2018. But the Russian government has decided to downplay the success by reporting an understated GDP growth of merely 1.3% even in the face of a string of other […]
An Awara Accounting Study on US Economy 2018: Signs that the US Debt-Fueled Economy Might Actually Collapse Main findings: US debt-to-GDP to reach 140% by 2024 Net increase in debt could be as enormous as $10 to 15 trillion in just five years 2019 to 2024 Federal budget interest expenditure could reach $1.5 trillion by […]
Данная статья также доступна на русском языке. The most crucial outcome to date of Russia’s import substitution campaign is that it has insulated Russia against the effects of any further sanctions. Except for a few sectors, like agriculture, food processing and the automotive industry, the volume growth brought by import substitution is still modest. More […]
An Awara Accounting Economic Analysis: What Does Not Kill You Will Make You Stronger – The Russian Economy 2014 – 2016, the Years of Sanctions Warfare Данное исследование также доступно на русском языке This report is based on Awara Accounting’s research on how the Russian economy managed in 2014 – 2016 to cope with the […]
Capitalism and Socialism versus a Democratic Competitive Market Economy All economies are competitive market economies The purpose of this essay is to define what should properly be understood as ‘economy’ in the sense of what is habitually referred to as an ‘economic system’. It is shown, that it is grossly inappropriate and misleading to claim […]