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| Caucasus/Russia/Central Asia |
| Russian economic landscape grim |
| 2009-06-07 |
| [Iran Press TV Latest] A Russian economic official has warned that the country will experience zero to 1.3% economic growth during 2010, a trend that will drag into the next decade. "In 2010 the (GDP) growth could be 0-1% but maybe as much as 1.3%," Andrei Klepach, deputy economic development minister said on Saturday. Speaking at the Saint Petersburg Economic Forum, Klepach added that the numbers are not fixed as they will largely "depend on structural reform of the economy and how private business raises investment." "We can hardly expect to see economic growth rates of 4-5% a year for the next decade. We are facing stagnation or slow growth," he said. The worst economic downturn since the Great Depression, has hit the Russian economy. The International Monetary Fund on Monday said the country's economy will contract 6% this year and expand 0.5% percent in 2010. The economy is hugely dependent on the price of oil, currently at around 69 dollars a barrel after plunging from record highs above 147 dollars last July. |
| Posted by:Fred |
| #4 ION PAKISTANI DEFENCE FORUMS > CHINA WILL HAVE 192 NUCLEAR PLANTS BY 2020's. Also, WORLD MIL FORUM > IIUC RUSSIA SHAKING: THE CHINESE POPULATION IN RUSSIA's FAR EAST WILL SURPASS RUSSIAN AND OTHER NON-CHIN MINORITIES 2020-2025; + CHINA MUST BE READY: IN 10-15 YEARS, MONGOLIA MAY BEOME A POTENT SEMI-DEMOCRATIC REGIONAL POWER IN COMPETITION AGZ CHINA. IOW, Year 2020 - 2025 RUSSIA > may see not only a de facto CHIN DEMOGRAPHIC TAKEOVER of its RFE + perpipherals, but NUCLEAR ISLAMISM on its WESTERN = EURO SIDE as well as exclusive from any potens HIGH MUSLIM BIRTHRATE??? SUB-IOW, RADICAL ISLAM could take over RUSSIA'S NUCWEAPS wid just TIME + HIGH BIRTH-RATE[ read, SEX]??? |
| Posted by: JosephMendiola 2009-06-07 22:22 |
| #3 That means more weapon sales (possibly even WMD) to oil ticks. |
| Posted by: g(r)omgoru 2009-06-07 03:55 |
| #2 They need a 5 year plan. |
| Posted by: ed 2009-06-07 02:08 |
| #1 They're just measuring the wrong statistic. The growth rate of tyranny is skyrocketing, with further investments in this sector set to pay off big in the next decade. |
| Posted by: gromky 2009-06-07 01:19 |