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…