They have been saying the exact same thing about the former Soviet Union for over thirty years now. Just some short term pain to correct for all the economic mismanagement of socialism. Any day now…
GDP per capita - itself a terrible measure, especially comparing socialism and capitalism - only in recent years got back up to 1991 levels in Russia. Ukraine (even before the SMO) never got back up to the Soviet level. The entire Eastern Bloc would have been better off today in GDP per capita terms if they just had barely above zero economic growth this whole time.
They have been saying the exact same thing about the former Soviet Union for over thirty years now. Just some short term pain to correct for all the economic mismanagement of socialism. Any day now…
GDP per capita - itself a terrible measure, especially comparing socialism and capitalism - only in recent years got back up to 1991 levels in Russia. Ukraine (even before the SMO) never got back up to the Soviet level. The entire Eastern Bloc would have been better off today in GDP per capita terms if they just had barely above zero economic growth this whole time.
A whole effort post I made on the topic