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The Russia economy is growing and this is one of the biggest news stories considering the current economic climate in which we find ourselves. There are many who are convinced that the global recession is worse than the Great Depression and that this could go on for years to come. This is all speculation though and no-one seems to be sure, but it worries stock market beginners. What is certain though is that times are very tough indeed.
The year of 1989 marked the fall of the Berlin Wall and for many this was the first peak that they got inside of Russia. Up to then they were largely unaware of the country's history and culture and it seemed as if a whole new market had opened up.
The entrance of Russia into the global economy was quite dramatic and this was done in accordance with advice received from western economists. They did not agree with the gradual approach adopted by China and as it turned out, this was not a good option for Russia. Consequently, the country has had to struggle to get onto its feet.
The Russian government has worked hard to try and reverse this situation with a lot of emphasis placed on the diversification of the economy. This means that they are able to offer more alternatives to investors. It is thought that the mineral wealth could be a key ingredient in the recipe for success.
It is always best to ensure that you do not rely only on one economic activity and this is the main reason for the government's actions.
If they continue to get this right, then it should come as little surprise that the Russia economy is growing even at a time like this.
The year of 1989 marked the fall of the Berlin Wall and for many this was the first peak that they got inside of Russia. Up to then they were largely unaware of the country's history and culture and it seemed as if a whole new market had opened up.
The entrance of Russia into the global economy was quite dramatic and this was done in accordance with advice received from western economists. They did not agree with the gradual approach adopted by China and as it turned out, this was not a good option for Russia. Consequently, the country has had to struggle to get onto its feet.
The Russian government has worked hard to try and reverse this situation with a lot of emphasis placed on the diversification of the economy. This means that they are able to offer more alternatives to investors. It is thought that the mineral wealth could be a key ingredient in the recipe for success.
It is always best to ensure that you do not rely only on one economic activity and this is the main reason for the government's actions.
If they continue to get this right, then it should come as little surprise that the Russia economy is growing even at a time like this.
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