Russia's Economy is Booming!

The government expects the economy, the world’s 10th biggest, to expand 7.6% this year after growing 8.1% in 2007 (see graph above - 2008 will be the tenth year of solid economic growth in Russia, averaging close to 7%).
Russian industrial output grew an annual rate of 9.2% in April, the most in nine months, as output of trucks, cars and construction materials surged. Real wage growth has advanced more than 12% every month this year, increasing demand for housing and consumer goods.
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