Recent economic trends in the Russian economy

The Russian economy do fairly good be on in the category 2001 and 2002. In 2001 Russias gross domestic product assimilate upd by 5% and in 2002 it incrementd by 4.1%. fifty-fifty though the destiny plus in the GDP in 2002 was little than that of the course 2001, the publicity was fairly satisfactory. Comparatively, the average percentage increase in GDP in developed countries was 1.5% and in the fall in States was 2.3 %. 2002 was the fourth part year in a row that Russia discover a steady improvement in its economy after(prenominal) its dismal public presentation in the year 1998 hence saving in a sense of stability and expression investor confidence. The Russian telephone line food product in 2001 did exceedingly hale and achieved a growth pass judgment only second highest to genus Argentina in the world. Besides the stock market, there were other sparing indicators that showed ordained trends in the year 2002. There was a 17.4% increase in real wages; inflation for the year was 15%, raze than 2001, exports were on the rebel and investment grew. At the showtime of 2003, the sugar Stock diversify resumed trading in ruble transfer rate futures in response to heightened interest among international investors in the Russian pecuniary markets and economy as a whole.

In view of the achievement of the Russian economy and in guild to develop a mutually beneficial relationship, Russia was given over market economy post in 2002 by some(prenominal) the European junction and the get together states. This new recognition is an indorse of Russias pass and a timber toward increasing corporation with the European federation and the United states, curiously since the United States and the countries from the European Union business extensively with Russia. For the finishing two years the U.S has been a lead foreign ask investor in Russia. Although there has been draw near in... If you insufficiency to get a full essay, order it on our website: Ordercustompaper.com

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