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Sonntag, 30. November 2008

Russia's Economy: How Bad..

... Will It Get? The slowdown in Russia is part of the global epidemic, but after years of heady growth, the suddenness of the reversal has come as a shock NATALIA KOLESNIKOVA/AFP/Getty Images By Jason Bush by Businessweek
There's no denying it any longer. Russia's long economic boom is finally over. On Nov. 18 the World Bank became the latest organization to slash its forecast for Russia's gross domestic product growth next year, from 6.5% to just 3%.
That came on the heels of the International Monetary Fund, which has also been scaling back its Russian GDP growth forecasts, most recently from 5.5% to 3.5%.
Many experts are even gloomier, with some predicting that Russia's economy could actually go into recession next year. "I see no way you can achieve 3% growth next year ...
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