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Russian Economy Shows Insufficient Diversification

Published: July 18, 2013; 08:25 · (Vindobona)

The Russian economy is primarily based on commodities, economists at the Moscow Higher School of Economics report. In the medium term, Russia has no growth potential, the experts say.

Russian Economy Shows Insufficient Diversification / Picture: © Vindobona.org

In 2012, Russia was among the five biggest economies in the world, the Russian newspaper “Wedomosti” reports. Russia´s GDP came at $ 3.4trn (adjusted for purchasing power). According to the newspaper, only the U.S., China, India and Japan record a higher GDP. By contrast, according to the IMF, Russia is placed 8th. As a result, Russia´s ranking has improved…

This article includes a total of 259 words.

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