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c
c
Group no: 9
Taher Zoher Ali : 52
Anirudh Patwari : 53
Honey Desai : 54
Harkaran Atwal : 55
Nirvi Ashar : 56
K
cussia: key information
Territory: 17.075.260 sq.m, 65% of it belongs to permafrost
V
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cussian GDP statistics, %
4 4
c A is mainly dependent on
following factors for its GDP
Oil - production:
9.932 million bbl/day (2009 est.)
country comparison to the world: 1
Oil - exports:
4.93 million bbl/day (2009 est.)
country comparison to the world: 2
Public debt:
6.3% of GDP (2009 est.)
country comparison to the world: 122
6.2% of GDP (2008 est.)
áost economies in the Europe and Central Asia
contracted in 2009(real GDP growth, %)
áost recent output data for the third quarter suggest that domestic demand
is beginning to replace external demand as the main growth engine.
Growth in Russia in 2010 will be predominantly
driven by a modest growth in consumption and the
base effect, reflecting a low base of the first two
quarters of 2009 (figures 2.3 and 2.4).
GDP and inflation forecast for
2009-2011
2009
2010
2011
While the ruble's exchange rates with foreign currencies are freeAfloating, it
is not yet a fully convertible currency.
NonAresidents have the right to open and operate both foreign currency and
ruble bank accounts in an authorized bank.
evere administrative fines apply for the breach of currency control rules,
ranging from 75% to 100% of the amount of the relevant operations.
K
cussian Fiscal policies and deficit
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ceduction in main interest rates for the 14th time to
bolster the country¶s economic recovery.
nterest rates have been continuously falling. t¶s a
positive sign for the country as the govt. is focusing more
on growth and providing the people with an opportunity
to get cheap finance.
Gross domestic product rose an annual 2.9 percent in
the first quarter, less than forecast by analysts in a
Bloomberg survey, after contracting 3.8 percent in the
last three months of 2009. The recovery remains weak
and inflation is low, so there is a fundamental case for
further easing.
Lending grew 0.9 percent last month with corporate and
retail loans showing gains, the first time both rose since
January 2009.
Banks view lending to the real sector as being quite risky
and prefer to purchase securities and build up liquidity.
Further cuts have the potential to spur lending. The
demand for loans in the real sector is still weak.
The recovery remains weak and inflation is low, so there
is a fundamental case for further easing.
The recovery remains weak and inflation is low, so there
is a fundamental case for further easing.
K c$
Facts About cussia
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Under the regime of Vladimir Putin
Russia has progressed gradually and at
a decent rate with average gdp growth
of around 6 %
mhe main advantage of Russia is that
more than 50% of GDP comes from
production of Oil and it is 2nd largest
exporter of Oil after Saudi Arabia
with globalization the demand for Oil
will keep on increasing and it being a
scarce commodity the prices will keep
on rising as demand with be more than
supply.
Inflation has come down drastically
from 15% in áay 2008 to 5% in June
2010. mhe government is taking lot of
measures to curb inflation by limiting
the money supply and practicing credit
constraints
But increasing wages and pension
funds could be counterproductive
mhe belief that high oil prices would
persist, combined with low interest
rates abroad, made foreign borrowing
attractive
mhe system became more vulnerable to
sudden stops of capital inflows which
affected the balance of payments and
this led to the weakening (depreciation)
of currency as compared to other
countries.
WRm to stock markets since its
inception after the collapse of the
Soviet Union, the Russian stock market
has been either in the top five
performing markets in the world or the
bottom five in every year.
So it mainly fluctuates with the price of
its precious commodity Oil and goes up
and down as per changes in the crude
prices so it¶s a very volatile market.
So investors need to be careful in
investing in Russian stock market
because risky investors can make lot of
money but long term investors might
not find value in this volatile market.
Russiaµs fiscal and debt outlook is much
less pressing than in other countries
because both fiscal deficits and debt-to-
GDP ratios are much lower
Russiaµs trade with the main affected
European countries is relatively small,
making the potential impact through this
channel limited.
mhe possible contagion and the broader
debt crisis in Europe, however, could
transmit new shocks to Russia through
two key channels: oil prices and
financial/capital flows.
Bibliography
Petrostate: Putin, Power, and the New cussia
cussia's economic reform muddle by Abram Bergson
https://www.cia.gov/library/publications/the-world.../rs.html
www.tradingeconomics.com/Vconomics/GDP-Growth.aspx
www.balticdata.info/russia/.../russia_macro_economics_russia_GNP_GDP_ summary.htm
www.worldwide-tax.com/russia/rus_inflation.asp
www.einnews.com/russia/newsfeed-russia-inflation
www.businessweek.com/.../russia-drought-may-lift-inflation-state-economy- role.html
www.esri.go.jp/en/tie/russia/russia4-e.pdf
www.corporateinformation.com/Currency-Vxchange-cates.aspx
www.exchange-rates.org/currentcates/V/c B
www.gwu.edu/~ieresgwu/assets/docs/ponars/pm_0090.pdf
www.opendemocracy.net/...russia/.../russian-unemployment-massaging-stats
www.business-standard.com/.../russia%5Cs-unemployment.../on
http://seekingalpha.com/article/84286-russian-inflation-is-the-boom-about-to-bust
http://www.russiansabroad.com/russian_history_196.html
http://russiatooat.blogspot.com/2008/02/russian-inflation-january-2008.html
http://www.marketwatch.com/news/story/russian-inflation-rate-continues-
its/story.aspx?guid={CB80FAV9-33BA-4A9B-A039-3C740V12597C}