Military Forum for Russian and Global Defence Issues


    Russian Economy General News: #9

    Share
    avatar
    medo

    Posts : 3386
    Points : 3470
    Join date : 2010-10-24
    Location : Slovenia

    Re: Russian Economy General News: #9

    Post  medo on Fri Nov 02, 2018 5:08 pm

    http://www.pravdareport.com/news/russia/economics/02-11-2018/141931-russian_gold-0/


    In the third quarter of 2018, the Bank of Russia acquired a record 92.2 tons of gold, a report from the World Gold Council (WGC) said. The report was published on Thursday, November 1.

    Thus, Russia's gold reserves have exceeded 2,000 tons for the first time. Presently, the Russian Central Bank accounts for more than 17 percent of world's gold and foreign exchange reserves. The cost of Russia's gold reserves based on the price of 1,214.8 dollars per troy ounce (as of October 31), is evaluated at more than 78 billion dollars.
    See more at http://www.pravdareport.com/news/russia/economics/02-11-2018/141931-russian_gold-0/

    par far

    Posts : 1747
    Points : 1920
    Join date : 2014-06-26

    Re: Russian Economy General News: #9

    Post  par far on Fri Nov 02, 2018 6:45 pm

    "Washington’s Silent Weapon for Not-so-quiet Wars. “A World Full of Dollars”, A 2019 Global Economic Crisis."

    When the next "Global Economic Crisis", hopefully the US is in for a shock, How can that shock be made?


    "Today by far the deadliest weapon of mass destruction in Washington’s arsenal lies not with the Pentagon or its traditional killing machines. It’s de facto a silent weapon: the ability of Washington to control the global supply of money, of dollars, through actions of the privately-owned Federal Reserve in coordination with the US Treasury and select Wall Street financial groups. Developed over a period of decades since the decoupling of the dollar from gold by Nixon in August, 1971, today control of the dollar is a financial weapon that few if any rival nations are prepared to withstand, at least not yet.

    Ten years ago, in September, 2008, US Treasury Secretary, former Wall Street banker Henry Paulson, deliberately pulled the plug on the global dollar system by allowing the mid-sized Wall Street investment bank, Lehman Bros go under. At that point, with aid of the infinite money-creating resources of the Fed known as Quantitative Easing, the half-dozen top banks of Wall Street, including Paulson’s own Goldman Sachs, were rescued from a debacle their exotic securitized finance created. The Fed also acted to give unprecedented hundreds of billions of US dollar credit lines to EU central banks to avert a dollar shortage that would clearly have brought the entire global financial architecture crashing down. At the time six Eurozone banks had dollar liabilities in excess of 100% of their country GDP.

    The Fed is weaponizing the US dollar and the preconditions are in many ways similar to that during the 1997 Asia crisis. Then all it needed was a concerted US hedge fund attack on the weakest Asian Tier economy, the Thai Baht to trigger collapse across most of South Asia to South Korea and even Hong Kong. Today the trigger is Trump and his bellicose tweets against Erdogan.

    The US Trump trade wars, political sanctions and new tax laws, in the context of the clear Fed strategy of dollar tightening, provide the backdrop to wage a dollar war against key political opponents globally without ever having to declare war. All it took was a series of trade provocations against the huge China economy, political provocations against the Turkish government, new groundless sanctions against Russia, and banks from Paris to Milan to Frankfurt to New York and anyone else with dollar loans to higher risk emerging markets began the rush for the exit. The Lira collapses as a result of near panic selling, or the Irancurrency crisis, the fall of the Russian ruble. All reflects the beginning, as likely does the decline in the China Renminbi, of a global dollar shortage.

    If Washington succeeds on November 4 in cutting all Iran oil exports, world (dollar) oil prices could soar above 100 dollars, adding dramatically to the developing world dollar shortage. This is war by other means. The Fed dollar strategy is acting now as a “silent weapon” for not so quiet wars. If it continues it could deal a serious setback to the growing independence of Eurasian countries around the China New Silk Road and the Russia-China-Iran alternative to the dollar system. The role of the dollar as lead global reserve currency and the ability of the Federal Reserve to control it, is a weapon of massive destruction and a strategic pillar of American superpower control. Are the nations of Eurasia or even the ECB ready to deal effectively?"



    https://www.globalresearch.ca/washingtons-silent-weapon-for-not-so-quiet-wars-a-world-full-of-dollars/5651266?utm_campaign=magnet&utm_source=article_page&utm_medium=related_articles

    avatar
    Hole

    Posts : 1151
    Points : 1151
    Join date : 2018-03-24
    Age : 42
    Location : Merkelland

    Re: Russian Economy General News: #9

    Post  Hole on Fri Nov 02, 2018 10:17 pm

    The EU is a lost cause.

    Russia, China, India, Iran + a bunch of other countries will use their own currencies for trade.
    avatar
    GunshipDemocracy

    Posts : 3718
    Points : 3756
    Join date : 2015-05-17
    Age : 76
    Location : fishin on Stalin´s Strait between Mexico and Canada

    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Nov 03, 2018 4:34 am

    Hole wrote:The EU is a lost cause.

    Russia, China, India, Iran + a bunch of other countries will use their own currencies for trade.

    EU will exist nonetheless. I'm not fan of EU in current shape/politic. But perhaps something form this shit can be done to improve at least a bit?
    As for India/China and Russia - each one of them will have so called emission center. Thus being interdependent pole in multipolar world. EU wil become one too.

    Funny is that this reminds me situation before I WW ....





    En + abandoned plans for re-registration in Cyprus (Gunship: about Deripska)

    "The Board decided in the interests of the company not to take further steps to re-register the company with Jersey into the jurisdiction of Cyprus and approve the company's future activities as a legal entity registered in accordance with the laws of the Russian Federation," the En + message says.
    РИА Новости https://ria.ru/economy/20181102/1532070142.html
    avatar
    Hole

    Posts : 1151
    Points : 1151
    Join date : 2018-03-24
    Age : 42
    Location : Merkelland

    Re: Russian Economy General News: #9

    Post  Hole on Sat Nov 03, 2018 10:39 am

    Deripaska.

    About the EU. Maybe Putin can govern it. At weekends at least. lol!
    avatar
    GunshipDemocracy

    Posts : 3718
    Points : 3756
    Join date : 2015-05-17
    Age : 76
    Location : fishin on Stalin´s Strait between Mexico and Canada

    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Tue Nov 06, 2018 2:44 am

    Sanctions-hit Rusal decides to move from Jersey to Russia


    Not for sure though Very Happy
    More:
    http://tass.com/economy/1029303





    Gazprom will increase gas supplies to Austria

    The new agreement between the countries provides for an additional 1 billion cubic meters. m per year

    https://tass.ru/ekonomika/5756373




    Hole wrote:Deripaska. About the EU. Maybe Putin can govern it. At weekends at least. lol!


    Then at least EU establishment had somebody to blame for all failures. lol1 lol1 lol1
    avatar
    PapaDragon

    Posts : 7245
    Points : 7339
    Join date : 2015-04-26
    Location : Fort Evil, Serbia

    Re: Russian Economy General News: #9

    Post  PapaDragon on Tue Nov 06, 2018 3:39 am

    GunshipDemocracy wrote:

    Sanctions-hit Rusal decides to move from Jersey to Russia


    Not for sure though Very Happy
    More:
    http://tass.com/economy/1029303
    ....

    Jersey? As in New Jersey? Wow... lol1

    Looks like Deripaska had 'The Situation' in Jersey Smile

    avatar
    magnumcromagnon

    Posts : 4515
    Points : 4674
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Re: Russian Economy General News: #9

    Post  magnumcromagnon on Tue Nov 06, 2018 4:45 am

    PapaDragon wrote:
    GunshipDemocracy wrote:

    Sanctions-hit Rusal decides to move from Jersey to Russia



    Not for sure though Very Happy
    More:
    http://tass.com/economy/1029303
    ....

    Jersey? As in New Jersey? Wow... lol1

    Looks like Deripaska had 'The Situation' in Jersey Smile


    As in the Island of Jersey, just outside the north of France, where British people hide their money.

    Vann7

    Posts : 3894
    Points : 3998
    Join date : 2012-05-16

    Re: Russian Economy General News: #9

    Post  Vann7 on Wed Nov 07, 2018 3:27 am

    Interesting Economy Graphs.. of GDP (ppp)
    from the 80s to 2023... world wide .






    Interesting , that looks that China economy have no return to the past..
    they understand now how the game can be played , and they are very good
    in imitating the competition and do what works ,instead of being attached to the past.
    If anyone have doubts ,have to look at China support of Orthodox Church of Russia
    and Russian Ballet too.. They will adapt to culture ,they live in the Present and this
    is what will make China a nation very powerful in the future , a real super power.
    Like a new version of Japan on steroids. and with a very strong economy...

    Unless a world war 3 happens between NATO and Russia..
    the Asia continent  will become the new mayor world economy and Russia will be in charge of its
    security and its organization ,so any problem that surface in Asia will eventually be solved by Russia
    and with support of India and China.  Using the lessons learned by Russia from Syria.

    GDP alone is meaningless measure however.. is also important the quality of an economy.
    since a nation with very bad infrastructure in most of the country , will need to spend a fortune
    much more in the society ,infrastructure ,than a nation like Japan or Germany for example.

    So the nations that will really will have more money ,to invest in advanced development , if all things
    remain more or less the same..should be China ,US, Germany ,Russia and Japan.   India will have money
    but will need to invest it in major  under development of cities of most the country ,same with
    Indonesia. but after 20 years.. things could change dramatically.

    Austin

    Posts : 6840
    Points : 7229
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #9

    Post  Austin on Fri Nov 09, 2018 6:42 am

    Jim Rickards: The United States Is Going Broke
    avatar
    Hole

    Posts : 1151
    Points : 1151
    Join date : 2018-03-24
    Age : 42
    Location : Merkelland

    Re: Russian Economy General News: #9

    Post  Hole on Fri Nov 09, 2018 10:44 am

    "Is going" Very Happy
    avatar
    GunshipDemocracy

    Posts : 3718
    Points : 3756
    Join date : 2015-05-17
    Age : 76
    Location : fishin on Stalin´s Strait between Mexico and Canada

    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Nov 10, 2018 12:18 am

    Vann7 wrote:Interesting Economy Graphs.. of GDP (ppp)
    from the 80s to 2023... world wide .


    pity that no source of stats was shown. Especially last 5 years Germany seemed to grow and Russia stalled.


    in reality tho:

    https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-performance-country/germany/economic-forecast-germany_en


    That would mean Russian economy wont grow more then 1,7% p/a till 2023 what is IMHO just not really balanced vire. Like those talking about total collapse of Russian economy in 2015.


    Unless a world war 3 happens between NATO and Russia..
    As long as Russian nukes can nullify US elites' habitat no war happens.

    avatar
    GunshipDemocracy

    Posts : 3718
    Points : 3756
    Join date : 2015-05-17
    Age : 76
    Location : fishin on Stalin´s Strait between Mexico and Canada

    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Nov 10, 2018 2:04 am

    The government proposed to increase funding for the Northern Sea Route


    MOSCOW, November 9 - RIA News. The Russian government, within the framework of a comprehensive plan for the development of backbone infrastructure, proposes to increase funding for the next three years by 15 billion rubles to 17.2 billion rubles, follows from the amendments made by the government to the second reading of the law on the federal budget for 2019-2021.

    Thus, the Cabinet proposes to increase capital investments in state (municipal) facilities of the NSR in 2019 by 0.2 billion - up to 0.4 billion rubles, in 2020 by 0.8 billion - up to 1.6 billion rubles, in 2021 14.1 billion - up to 15.2 billion rubles, follows from the document.
    Russian President Vladimir Putin at the Eastern Economic Forum this year invited interested foreign partners to develop the Northern Sea Route. The volume of cargo transportation along the Northern Sea Route is growing every year, in 2017 it amounted to 10.7 million tons, and by 2025 this figure could reach 80 million tons, experts told RIA Novosti.

    The State Duma Committee on Budget and Taxes recommended that the lower house of parliament adopt in second reading the draft federal budget for 2019-2021, submitted by the government. It is planned to submit the document for consideration by the Duma on November 14.

    https://ria.ru/economy/20181109/1532494406.html
    avatar
    magnumcromagnon

    Posts : 4515
    Points : 4674
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Re: Russian Economy General News: #9

    Post  magnumcromagnon on Sun Nov 11, 2018 3:40 am

    GunshipDemocracy wrote:
    magnumcromagnon wrote: Isn't it convenient the timing of this meeting only following the dissolution of a certain treaty....

    Cuba and Venezuela ? must be a pure coincidence. BTW lets wait for Nicaragua to join company lol1 lol1 lol1

    Tough new penalties are planned against the “troika of tyranny,” consisting of Venezuela, Cuba, and Nicaragua “in the very near future.”
    avatar
    GunshipDemocracy

    Posts : 3718
    Points : 3756
    Join date : 2015-05-17
    Age : 76
    Location : fishin on Stalin´s Strait between Mexico and Canada

    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sun Nov 11, 2018 5:02 am

    magnumcromagnon wrote:

    Tough new penalties are planned against the “troika of tyranny,” consisting of Venezuela, Cuba, and Nicaragua “in the very near future.”


    US is playing all or nothing now...
    avatar
    magnumcromagnon

    Posts : 4515
    Points : 4674
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Re: Russian Economy General News: #9

    Post  magnumcromagnon on Sun Nov 11, 2018 6:47 am

    GunshipDemocracy wrote:
    magnumcromagnon wrote:

    Tough new penalties are planned against the “troika of tyranny,” consisting of Venezuela, Cuba, and Nicaragua “in the very near future.”


    US is playing all or nothing now...

    Well if theirs a threat of invasion, with a INF-free world....you know what that means right? Wink
    avatar
    GunshipDemocracy

    Posts : 3718
    Points : 3756
    Join date : 2015-05-17
    Age : 76
    Location : fishin on Stalin´s Strait between Mexico and Canada

    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sun Nov 11, 2018 1:10 pm

    magnumcromagnon wrote:

    Well if theirs a threat of invasion, with a INF-free world....you know what that means right? Wink

    and Im not happy about it at all. Shocked Shocked Shocked


    Do not believe the excluded one
    The Ministry of Finance will not give up dividends of 50% of the net profit of state-owned companies


    https://www.kommersant.ru/doc/3792735



    Gazprom Neft has signed an agreement to stabilize the fuel market in Russia

    MOSCOW, November 10 - RIA News. Gazprom Neft has signed an agreement with the Ministry of Energy and FAS to stabilize the fuel market in the Russian Federation, the press service of the oil company said.

    Gazprom Neft confirms the signing of an agreement with the Ministry of Energy and the Federal Anti-Monopoly Service of Russia on measures to stabilize and develop the domestic market for petroleum products, "the report says.
    The company notes that it fully complies with the Russian government and is interested in the further development of the Russian fuel market.

    The Ministry of Energy, FAS, oil companies and independent refineries at the meeting on October 31 agreed on the so-called price stabilization measures in the fuel market, while agreeing on the level of supply of oil products to large and small wholesale in fixed volumes and prices. At the same time, it was announced that until the end of the year prices would be at the level of the end of May - beginning of June, and then smoothly indexed within the framework of annual inflation of 4-4.6%. Monthly production and sales of petroleum products should be 3% higher than the corresponding month of 2017. The agreement is valid until March 31.

    On November 7, Prime Minister Dmitry Medvedev instructed the Ministry of Energy and the Federal Anti-Monopoly Service to sign agreements to stabilize fuel prices with all major oil companies.

    https://ria.ru/economy/20181110/1532532777.html

    avatar
    Neutrality

    Posts : 887
    Points : 905
    Join date : 2015-05-02

    Re: Russian Economy General News: #9

    Post  Neutrality on Sun Nov 11, 2018 9:44 pm

    Russia and China are planning to sign an agreement/memorandum to significantly increase trade in national currencies before the end of the year. I think that's a tectonic shift in global trade.

    Are there any economic majors on this forum willing to comment on the longterm consequences for the dollar system after this? Considering that Russia and China are major economies we could see other countries follow suit, specifically EU countries.
    avatar
    GunshipDemocracy

    Posts : 3718
    Points : 3756
    Join date : 2015-05-17
    Age : 76
    Location : fishin on Stalin´s Strait between Mexico and Canada

    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sun Nov 11, 2018 10:26 pm

    Neutrality wrote:Russia and China are planning to sign an agreement/memorandum to significantly increase trade in national currencies before the end of the year. I think that's a tectonic shift in global trade.

    Are there any economic majors on this forum willing to comment on the longterm consequences for the dollar system after this? Considering that Russia and China are major economies we could see other countries follow suit, specifically EU countries.

    Turnover between China and Russia in couple of years say reaches $200b so this is just a tiny fraction of world trade. This is a move in good direction but not nearly enough for tectonic shifts. There is no alternative monetary system yet.

    No second swift, no second financial instruments on scale of $. Besides sudden collapse of $ empire would hurt China and Russia too. Step by step dismantling is much safer. China, Turkey now India pays in Rubles for S-400.

    The funny side is that KSA reiterated interest in S-400. KSA paying for S-400 in Rubles...this would be PR shock to the world.

    Vann7

    Posts : 3894
    Points : 3998
    Join date : 2012-05-16

    Re: Russian Economy General News: #9

    Post  Vann7 on Mon Nov 12, 2018 4:29 am

    Interesting 1 year old article that i missed.. perhaps some of people here too..

    IMF may soon be moving to China – Christine Lagarde

    https://www.rt.com/business/397424-imf-move-beijing-decade-lagarde/


    So if the next report is true???... told in a meeting by one member of US congress..
    look at the bold parts..



    Subject:  .The Bankruptcy of The United States
    United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
    THIS IS IMPORTANT!!!!
    Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

    "Mr. Speaker, we are here now in chapter 11.. Members of Congress are
    official trustees presiding over the greatest reorganization of any Bankrupt
    entity in world history, the U.S. Government. We are setting forth
    hopefully, a blueprint for our future. There are some who say it is a
    coroner's report that will lead to our demise.

    It is an established fact that the United States Federal Government has
    been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1,
    Public Law 89-719; declared by President Roosevelt, being bankrupt and
    insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint
    Resolution To Suspend The Gold Standard and Abrogate The Gold Clause
    dissolved the Sovereign Authority of the United States and the official
    capacities of all United States Governmental Offices, Officers, and
    Departments and is further evidence that the United States Federal
    Government exists today in name only.


    The receivers of the United States Bankruptcy are ...

    1) International Bankers, via the United Nations,
    2) the World Bank and the
    3) International Monetary Fund.


    All United States Offices, Officials, and Departments are now
    operating within a de facto status in name only under Emergency War Powers.
    With the Constitutional Republican form of Government now dissolved, the
    receivers of the Bankruptcy have adopted a new form of government for the
    United States.


    This new form of government is known as a Democracy, being an
    established Socialist/Communist order under a new governor for America. This
    act was instituted and established by transferring and/or placing the Office
    of the Secretary of Treasury to that of the Governor of the International
    Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part:
    "The U.S. Secretary of Treasury receives no compensation for representing
    the United States."


    So if i understand this correctly.. United States of America , not longer exist .
    Is now literary property of the International Banking System in the west after
    the default of the economy. and they are planning to ditch United States
    and replace it for China.. if the Chinese economy happens to hold very well
    for 10 years ?? Smile

    So if all that is true.. then Washinton DC is now in a reorganization of bankruptcy , and federal government have a period of ~10 years before the international banking system dumb America








































































































































































    ,to convince the International banking system, (world bank ,IMF , other banks) that they can
    continue leading the world economy and restart to a real sustained growth its economy.
    and then the President of united states ,is a representative of a nation that longer exist
    in legal documents , as an individual nation ,but that now is property of the international baking system.

    So if this is true , then the US economy already collapsed and the only thing left is ,if if the
    the international banks will drop the dollar as world currency and stop protecting US.
    and switch to a new banking system lead by China..  Shocked
    avatar
    Kimppis

    Posts : 511
    Points : 511
    Join date : 2014-12-23

    Re: Russian Economy General News: #9

    Post  Kimppis on Tue Nov 13, 2018 1:50 pm

    GunshipDemocracy wrote:
    Vann7 wrote:Interesting Economy Graphs.. of GDP (ppp)
    from the 80s to 2023... world wide .


    pity that no source of stats was shown. Especially last 5 years Germany seemed to grow and Russia stalled.


    in reality tho:

    https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-performance-country/germany/economic-forecast-germany_en


    That would mean Russian economy wont grow more then 1,7% p/a till 2023 what is IMHO just not really balanced vire. Like those talking about total collapse of Russian economy in 2015.

    I agree. These forecasts are always very pessimistic about Russia still. They predict that Russia will keep stagnating (growth below 2.5%).

    They probably also use outdated figures on Russia's demographics and population size, by not fully taking population growth since around 2008-09 into account and obviously by not including Crimea.

    Realistically Russia will probably overtake Germany by that time, or at the very least soon after (before 2030 for sure). Not that it actually matters that much either way, it's mostly only symbolic, as they will be very comparable in size, and Indonesia is going to pass both, due to its considerably larger population.
    avatar
    miketheterrible

    Posts : 2753
    Points : 2735
    Join date : 2016-11-06

    Re: Russian Economy General News: #9

    Post  miketheterrible on Tue Nov 13, 2018 3:12 pm

    Russia has plus and minus.

    Plus it is large country with lots of potential and development. What it lacks is the export market for anything other than resources and food.

    Only nations interested in Russian tech are poor countries or nations at odds with the west. Otherwise, Russia competes against other nations with much greater production rates and strong arms (west) or cheap and over produced goods (China).

    Russia's real GDP growth is much larger than official. Don't know what real reason behind that tbh. But I think Russia operates the "slow and steady wins the race".
    avatar
    Neutrality

    Posts : 887
    Points : 905
    Join date : 2015-05-02

    Re: Russian Economy General News: #9

    Post  Neutrality on Tue Nov 13, 2018 3:25 pm

    miketheterrible wrote:

    Only nations interested in Russian tech are poor countries or nations at odds with the west.


    That's because you don't know enough about Russian high tech. manufacturing. The aerospace industry (rocket engines) and the cooperation with ESA on multibillion space projects. Then there's atomic energy. There's literally no other company able to compete with Rosatom. Their portfolio exceeds 100 billion dollar in orders (check yourself if you don't believe me). Then there's sapphire glass production for Apple. Titanium alloys for Boeing. Software development companies like Kaspersky. Kaspersky is one of the leading companies in the cybersecurity industry. Those are just at the top of my head (and I'm 100% certain someone else can give you hundreds of examples in the civilian market).

    The biggest of them all is still the defense industry (second largest export country). The MIC is by no means "low tech" production.
    avatar
    GunshipDemocracy

    Posts : 3718
    Points : 3756
    Join date : 2015-05-17
    Age : 76
    Location : fishin on Stalin´s Strait between Mexico and Canada

    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Tue Nov 13, 2018 5:00 pm

    @neutrality IMHO it's not what MikeTT was saying. West is not interested in Russian products not because of quality (there are products with high and low as in every country). but when their market is saturated or nearly saturated they make black PR or like in USA direct ban on Kaspersky products.

    Rosatom is a different beast because west has virtually no completion (besides Areva and now bankrupt Westinghouse) . Rosatom is not building many power plants in west isnt it.
    Me thinks that going to developing countries and building brands + accumulating cash is best way to build global brand. You can afford expansion on other markets after you're big.



    BTW Recently Fitch downgraded Russian GDP growth in 2021 by almost 50%(3-> 1.7%) because "it is unlikely Prussian government finds resources to fund all planned projects" affraid affraid affraid

    The same Fitch that didnt notice 2007 crisis looming. Lehman had cool rating lol1 lol1 lol1



    Nabiullina told how accelerate economic growth to 3%

    MOSCOW, Nov. 8 - RIA News. The Russian economy is growing at a slow pace, but with the implementation of economic measures outlined by the government, GDP growth may reach 3% in 2021, said Bank of Russia Chairman Elvira Nabiullina.

    https://ria.ru/economy/20181108/1532384732.html?inj=1



    avatar
    miketheterrible

    Posts : 2753
    Points : 2735
    Join date : 2016-11-06

    Re: Russian Economy General News: #9

    Post  miketheterrible on Tue Nov 13, 2018 6:01 pm

    Never take the rating agencies serious. They been wrong on Russia every year for past 10 years. They just revise their outlook every year, for that year, at the end of it and say "see, we are correct" when their initial theories we're incorrect.

    Sponsored content

    Re: Russian Economy General News: #9

    Post  Sponsored content


      Current date/time is Mon Nov 19, 2018 7:13 am