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    Russian Economy General News: #1

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    GarryB

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    Re: Russian Economy General News: #1

    Post  GarryB on Sun Apr 14, 2013 2:20 am

    When most of the worlds economies are teetering or actually failing and requiring bailouts a small recession in Russia is nothing to fear. Constant continual growth is simply neither natural, healthy, nor sustainable.
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    Sujoy

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    Re: Russian Economy General News: #1

    Post  Sujoy on Sun Apr 14, 2013 9:28 am

    Why the Russian economy will not face any threat .


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    medo

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    Re: Russian Economy General News: #1

    Post  medo on Sun Apr 14, 2013 12:35 pm

    Russian industry and agronomy production is growing and they sell less crude oil wood, etc, but more of their products, which have higher price in World's markets. Where is here recession? True, bankrupt EU and US will buy less, but Russia wisely reoriented its export economy on other markets like in Asia, Africa and Latin America, which are rich with natural resources and with population and where middle class is growing. Africa is poor, true, but Latin America have incredible potential and trade with states, like Brazil, Chile, Argentina,... on equal level, could quite quick replace EU market.
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    Regular

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    Re: Russian Economy General News: #1

    Post  Regular on Sun Apr 14, 2013 6:44 pm

    medo wrote:Russian industry and agronomy production is growing and they sell less crude oil wood, etc, but more of their products, which have higher price in World's markets. Where is here recession? True, bankrupt EU and US will buy less, but Russia wisely reoriented its export economy on other markets like in Asia, Africa and Latin America, which are rich with natural resources and with population and where middle class is growing. Africa is poor, true, but Latin America have incredible potential and trade with states, like Brazil, Chile, Argentina,... on equal level, could quite quick replace EU market.
    Well Russia is a big country with big problems left from big break up. But Russia is not a Soviet Union, it doesn't spread ideology, it doesn't spend enormous money to maintain military and Russia don't do anything for free, it is capitalist country with less socialism than in Norway. Russia is very rich country, but living standards aren't that high for everyone as it could be. But maybe they are learning from other countries faults when all that social care, appeal to people led to big depth
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    gaurav

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    Re: Russian Economy General News: #1

    Post  gaurav on Mon Apr 15, 2013 5:25 pm

    Why the Russian economy will not face any threat .
    Cool man .. cool.. Cool Nice pic.

    requiring bailouts a small recession in Russia is nothing to fear.
    I hope this will be a small recession only.




    Back to the FUTURE .. Cool

    Russia going through a rough patch



    Putin Warns of Global Crisis Affecting Russia

    The global crisis is taking an even more dangerous shape, which
    inevitably affects us as well,” Putin said at a meeting with Prime Minister
    Dmitry Medvedev.
    This is how it was in 2008, and now we are witnessing the same thing.
    However, unlike our friends and partners in Europe and other parts of
    the world, the Russian economy is showing vitality and prospects of further growth," Putin said.
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    Viktor

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    Re: Russian Economy General News: #1

    Post  Viktor on Mon Apr 15, 2013 5:35 pm

    gaurav wrote:I hope this will be a small recession only.

    I dont see any recession this year in Russia no matter what`s going on in neighborhood.
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    Regular

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    Re: Russian Economy General News: #1

    Post  Regular on Tue Apr 16, 2013 1:38 pm

    Viktor wrote:
    gaurav wrote:I hope this will be a small recession only.

    I don't see any recession this year in Russia no matter what`s going on in neighborhood.
    Well it exists and it affects economy in many ways, but in Russia is not as worrisome and dangerous as in other countries. Instead of ditching money into social support Russia did very unpopular thing and tightened the belt. Unemployment is very small this year. Only downside - general population live with lower standards of life compared to other countries that have worse economy, but I can understand that too.
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    Viktor

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    Re: Russian Economy General News: #1

    Post  Viktor on Fri May 03, 2013 3:59 am

    After all PPP is what counts Very Happy

    In terms of GDP, Russia overtook Germany and went to 5th place in the world!


    Austin

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    Re: Russian Economy General News: #1

    Post  Austin on Fri May 03, 2013 6:15 am

    I think what really counts from a country and its people POV is Per Capita Income.

    Russia leads in Per Capita Income when it comes to BRICS but lags far behind when you compare to Western Nations
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    TheArmenian

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    Re: Russian Economy General News: #1

    Post  TheArmenian on Fri May 03, 2013 9:16 am

    Austin wrote:I think what really counts from a country and its people POV is Per Capita Income.

    Russia leads in Per Capita Income when it comes to BRICS but lags far behind when you compare to Western Nations

    They are about to overtake Portugal (a European Union nation) and in a few years they will overtake others.

    Austin

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    Re: Russian Economy General News: #1

    Post  Austin on Fri May 03, 2013 9:48 am

    Seems like Russian needs serious structural reforms else the consequences are severe

    Russia Has 3-5 Years for Economic Reform, Minister Says

    Economic Development Minister Andrei Belousov has warned that Russia has "three, four, a maximum of five years" to carry out structural reforms to the economy before the global energy balance changes, possibly leading to a 20 percent to 30 percent drop in oil prices and economic stagnation.

    "It is critically important that Russia enters that period with at least the main parameters of the reforms completed," Belousov said Monday at a staff meeting at the Economic Development Ministry.

    He said Russia should conduct large-scale reforms equivalent to 7.5 percent of the country's GDP, or 3.5 trillion to 5 trillion rubles ($112 billion to $160 billion) per year for the next five years.

    The reforms should be carried out in health care and education, the pension system, utilities, the armed forces and civic infrastructure, he said.

    The government should also undertake measures to develop non-mineral sectors of the economy and promote the development of the Far East and the Kaliningrad region, he said.

    Belousov noted that unless Russia can bring its annual economic growth to 5 percent to 6 percent, the reforms would not succeed and "the window of opportunity" will be lost.

    Observers said the minister's broad call for reforms went beyond the more specific objectives that ministers usually focus on, Vedomosti reported.

    Belousov's plan may reflect his growing influence ahead of his possible move to the Kremlin, where he may replace Elvira Nabiullina as a presidential economic aide. Nabiullina was recently appointed as head of the Central Bank, observers said.


    Austin

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    Re: Russian Economy General News: #1

    Post  Austin on Fri May 03, 2013 9:57 am

    TheArmenian wrote:They are about to overtake Portugal (a European Union nation) and in a few years they will overtake others.

    Overtaking Germany , Italy , France or UK will take a long time , may be 20 years if they grow 4-5 % anually

    Check this http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita
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    TheArmenian

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    Re: Russian Economy General News: #1

    Post  TheArmenian on Fri May 03, 2013 10:07 am

    Austin wrote:
    TheArmenian wrote:They are about to overtake Portugal (a European Union nation) and in a few years they will overtake others.

    Overtaking Germany , Italy , France or UK will take a long time , may be 20 years if they grow 4-5 % anually

    Check this http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita

    It will be quicker if the economies of these countries shrink due to lingering recession in Europe Twisted Evil
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    GarryB

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    Re: Russian Economy General News: #1

    Post  GarryB on Fri May 03, 2013 10:18 am

    Yeah, of course money makes you happy...

    That is more accurately described as a smugness index for rich countries to pretend they are better than other countries.

    Look at the highest earners and you think life might be much better there than here but if you really look at the raw figures you will find that in those countries 10-15% have all the money and land, there is a middle class that know they are not poor, but could not call themselves rich and there will be the poor who live from day to day just staying ahead of the bills by working three or four jobs.

    Russia should not use the same measuring stick as the west to determine progress because that road does not lead anywhere worth going... they would in fact be much better off with communism where there was the powerful small percentage and the rest were pretty much equal.

    Obviously the ideal is no rich and powerful and resources spread evenly for everyone so no one was poor, but there is little chance of any political or economic system delivering that.

    Austin

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    Re: Russian Economy General News: #1

    Post  Austin on Fri May 03, 2013 10:18 am

    How does their High Public Debt Impact compared to Russias low public debt ?
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    GarryB

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    Re: Russian Economy General News: #1

    Post  GarryB on Fri May 03, 2013 10:35 am

    The reforms should be carried out in health care and education, the pension system, utilities, the armed forces and civic infrastructure, he said.

    Secret code for privatisation, which pretty much means selling them to foreign ownership.

    The government should also undertake measures to develop non-mineral sectors of the economy and promote the development of the Far East and the Kaliningrad region, he said.

    Ummm... Duh! they are already doing that! The problem is that the west has most of the money in the current financial system and it is the western investors that are only interested in Russian oil.

    Hachimoto

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    Re: Russian Economy General News: #1

    Post  Hachimoto on Fri May 03, 2013 10:43 am

    russian GDP is far behind brazil not talk about germany !! and comparing with portugal PPP is not a huge deal cause right before the crisis it was the poorest country in EU
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    flamming_python

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    Re: Russian Economy General News: #1

    Post  flamming_python on Mon May 06, 2013 9:26 am

    Regular wrote:
    Viktor wrote:
    gaurav wrote:I hope this will be a small recession only.

    I don't see any recession this year in Russia no matter what`s going on in neighborhood.
    Well it exists and it affects economy in many ways, but in Russia is not as worrisome and dangerous as in other countries. Instead of ditching money into social support Russia did very unpopular thing and tightened the belt. Unemployment is very small this year. Only downside - general population live with lower standards of life compared to other countries that have worse economy, but I can understand that too.

    No it's the other way 'round; Russia has been putting more money into various forms of social support, while Europe has been tightening the belt.

    Hachimoto wrote:russian GDP is far behind brazil not talk about germany

    No it's not

    Austin

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    Re: Russian Economy General News: #1

    Post  Austin on Mon May 06, 2013 10:08 am

    GarryB wrote:Yeah, of course money makes you happy...

    That is more accurately described as a smugness index for rich countries to pretend they are better than other countries.

    Look at the highest earners and you think life might be much better there than here but if you really look at the raw figures you will find that in those countries 10-15% have all the money and land, there is a middle class that know they are not poor, but could not call themselves rich and there will be the poor who live from day to day just staying ahead of the bills by working three or four jobs.

    Russia should not use the same measuring stick as the west to determine progress because that road does not lead anywhere worth going... they would in fact be much better off with communism where there was the powerful small percentage and the rest were pretty much equal.

    Obviously the ideal is no rich and powerful and resources spread evenly for everyone so no one was poor, but there is little chance of any political or economic system delivering that.

    Well If they dont want to use the same Index then they can use the Happiness Index which shows Burma as the most happiest country.

    The World Economy has benchmarked against a standard index and GDP , PPP , Per Capita Income are benchmark of an economy. ......Unless Russia stays in a seperate planet it will have to comply by those and bench marked against.

    Even Putin and Medvedev mentioned many times that they would like to get Russia Per Capita income to where France is today.

    ali.a.r

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    Re: Russian Economy General News: #1

    Post  ali.a.r on Mon May 06, 2013 10:55 am

    How good a measure is this Happiness Index? How is happiness even measured?

    Austin

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    Re: Russian Economy General News: #1

    Post  Austin on Mon May 06, 2013 12:13 pm

    Happiness is a very personal thing , you can be happy even if you dont have any thing except the very basic necessesity of life , Last I read that Bhutan was the most happiest nation on earth , most people dont even have a TV not to mention other aspect.

    You can be unhappy having the best of world riches and great infra and great hospital etc.

    But as far as economy goes it is benchmarked the way I have mentioned ..thats the fact of life ...... more money does not mean you are happy but it also does not mean you are sad and unhappy.

    Its a very silly argument to make.
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    Regular

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    Re: Russian Economy General News: #1

    Post  Regular on Mon May 06, 2013 11:19 pm

    To make Russian happy is to bring him to West. Look what Russian immigrants achieve in UK, US, Israel.

    Having said, Russia doesn't not need to make all people happy and rich. Communism tried to make all people equal. It failed.
    I'm tossing rocks while I came from glass house, but Smile
    Russia needs reform health system
    Educational system. Pay more money to teachers for Christ sake.
    Needs to build up industry, target towards consumers and export. Thanks to WTO it can happen.
    They should rely less on natural resources as global prices can be controlled by certain groups. That could cause severe pain later on.
    Corruption needs to be tackled properly. It's everywhere. Common, cops were asking bribe because we I'm pribalt. I know they have cameras in their cars now, but I didn't. And if I did what a tourist could do? It really left shitty feeling and only warm welcome of our friends saved the trip.
    Hell it is really sad sometimes to see that 90ies bullshit is still there.

    Austin

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    Re: Russian Economy General News: #1

    Post  Austin on Thu May 09, 2013 9:48 am

    Russia’s Invisible Economy
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    GarryB

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    Re: Russian Economy General News: #1

    Post  GarryB on Fri May 10, 2013 10:52 am

    The problem is that many people equate happiness with money.

    Life has many problems and obstacles and money can certainly solve most of those problems and help remove those obstacles, but just being rich does not make you happy.

    Having everyone in a society rich is simply not possible.

    The western "consumer" society is based around keeping the masses largely happy because mass production has made commodities affordable.

    Media in New Zealand talk about us having this or that problem, yet even the most poor own TVs and cars and have food on their tables.

    Another problem in New Zealand is that our media tends to compare NZ with Australia, and in monetary terms we come up short, and they talk about the brain drain and all sorts of rubbish.

    The truth is that we actually have it very good here and we really don't appreciate what we have as much as we should... the the idea of being content with what you have is not acceptable... it doesn't sell products in shops... you have to keep buying stuff for the system to work, and then it works best for a few only.

    Russia needs to stop looking outside its boundaries and stop listening to outside advice that will eventually turn it into a western clone, and take some decisions and choices and paths of its own.

    Austin

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    Re: Russian Economy General News: #1

    Post  Austin on Sat May 11, 2013 7:11 am

    More Russians prefer unemployment benefits to working

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