Mixed Outlook for Russia

Politics ♦ Published: March 4, 2013; 15:43 ♦ (Vindobona)

This year, Russia´s GDP will grow by 3.3%, the World Bank predicts. Regarding economic reforms, Russia must improve its effort, though.

Mixed Outlook for Russia / Picture: © Vindobona.org

In the last years, Russia´s economy expanded substantially. The real income grew significantly and the number of people at risk of poverty was down to 16 million. This year, the World Bank forecasts a growth rate of 3.3%. Moreover, Russia´s public debt remains at a low level. At the moment, the debt-to-GDP quota comes at 10%.

However, in January, the industrial sector began to…

or Log In

Fast News Search
Related News
Russia: Consumer Loans Growing Substantially (February 13, 2013)
Russia: National Bank Under Pressure (February 9, 2013)
Russia´s Budget Deficit Higher than Expected (December 20, 2012)
Austrian Trade with Russia is Booming (October 18, 2012)
Czech Republic: Exports to Russia Reach new High (September 15, 2012)
Read More
World Bank, Regional Economic Policy, Inflation, GDP Gross Domestic Product, Russia, Forecasts, Industrial Production, Income, Poverty, Purchasing Power
Featured
Coronavirus in Lower Austria: Update
See latest Vindobona Newsletter