Recent economic trends in the Russian economy

The Russian economy made fairly good be on in the year 2001 and 2002. In 2001 Russias GDP lay down upd by 5% and in 2002 it sum upd by 4.1%. level though the region increase in the GDP in 2002 was little than that of the year 2001, the advancement 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 year in a row that Russia discover a steady improvement in its economy after(prenominal) its dismal performance in the year 1998 and then saving in a sense of stability and construction investor confidence. The Russian stock foodstuff in 2001 did exceedingly well up and achieved a growth rate only second highest to genus Argentina in the world. Besides the stock market, there were other economical 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 wer e on the rise and investment grew. At the fount of 2003, the sugar Stock Exchange resumed trading in ruble transfer rate futures in response to heightened interest among opposed investors in the Russian financial markets and economy as a whole.

In view of the performance of the Russian economy and in guild to develop a mutually beneficial relationship, Russia was wedded market economy status in 2002 by both the European junction and the United states. This new recognition is an differentiate of Russias pass and a step toward increasing corporation with the European northern and the United states, especially since the United States and the countries from the European U! nion business extensively with Russia. For the last two years the U.S has been a lead foreign direct investor in Russia. Although there has been arm in... If you insufficiency to get a full essay, order it on our website: BestEssayCheap.com

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