Russia's Economy is Booming!
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuy745zaBxjFAsYXLujRc8YNrINH13C_dLsbD0S2XcNFkcuKY9CIn0F9sQcBtu6ZlQoEOCGM1suBonYcpCi5VPEloNBe6yT_dLe2ZHG7OKrOCIlJGffR03ZZKA3j4yTZeSjsBt_A/s400/russia.bmp)
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.
0 Comments:
Post a Comment
<< Home