This thesis was circulated on social networks, in particular on telegram channels broadcasting pro-Kremlin rhetoric. Reports say that the Western economy is “losing its former potential” and is declining to critical levels. The authors say that GDP in Europe is only decreasing every year, which indicates a poor economic situation. In Russia, despite the war, all indicators are only increasing. This was stated by dictator Putin at the plenary session of the Eurasian Economic Forum.

The fact-checkers of The Insider project took up this case and found out that the European Commission recently published the Spring Economic Forecast, according to which the GDP of the EU countries in 2023 will grow by 1% (the previous forecast, winter, assumed an increase of 0.8%). Growth of 1.7% is projected in 2024. That is, the thesis about a decrease in economic indicators in the EU, in particular GDP, is unfounded.

Regarding Russia, the Trading Economics team of economic analysts notes that in the first quarter of 2023, Russian GDP decreased by 1.9% compared to the corresponding period last year. According to the World Bank, the International Monetary Fund and the Organization for Economic Cooperation and Development, 2022 has been a bad year for the Russian economy. According to experts, in 2022, Russia's gross domestic product fell by at least 2.2% in the best scenario and to 3.9% in the worst case. The Russian economy will shrink in 2023 as well. GDP is expected to contract by 5.6% or 3.3% according to the organizations.

In addition, the Yale University study examined in detail the impact of sanctions on the Russian economy, concluding that “sanctions are catastrophically destroying the Russian economy”. And according to the latest figures from the European Commission, the EU economy is “resilient and ready to face challenges, in particular those caused by Russia's war against Ukraine”.