The Mongolian President had suggested the three countries meet in a trilateral format.
Jan 17, Pavel Koshkin Analysis Despite encouraging signs, Russian economists and politicians continue to express only cautious optimism about the future of the economy. InRussia might be forced to recognize itself as strong politically, but comparably weak and poor economically, with a destitute population and undiversified economy.
RIA Novosti Despite many difficulties, the Russian authorities were relatively successful in responding to the crisis, alleviating its burden on the population and eventually emerging from the economic recession in At least, this is how Russian and foreign experts, economists and politicians assessed the situation during the Jan.
However, the crisis is far from over. One positive sign is that some representatives of the government are aware of this fact.
At the forum, Russian Prime Minister Dmitry Medvedev warned against the risks of a long-standing recession, which are still high. The only way to hedge these risks is to conduct sweeping structural reforms, which would shift investment from large-scale natural resources projects into infrastructure and human capital.
But any growth that occurs in is going to be a result of public spending. Today Russia is trying to maintain its wobbly oil-dependent economy and reclaim its great power status. It spends money from its budget coffers on its military endeavors in the Middle East.
So, many experts agree that it is becoming even more difficult to meet the demands of the ageing population. InRussia might be forced to recognize itself as strong politically, but comparably weak and poor economically, with a destitute population and undiversified economy, according to Andrei Movchanan economist and an expert at Carnegie Moscow Center.
If one looks at it from a broader perspective, the statistics for will be even more pessimistic. No wonder, then, the World Bank warned in its recent report that Russia might face serious difficulties in fulfilling its tacit social compact with the population — providing economic prosperity, welfare and cheap government services in exchange for political dominance.
The problem is that 42 percent of the Russian population 60 million peopleincluding 40 million retired people and 20 million employees of state-run companies, depend on the government a great deal, with their key source of income coming from the state budget.
And this cannot help concerning those at the helm. In short, the government is finding it more and more difficult to balance between fulfilling its public commitments and maintaining its budget at an acceptable level, the World Bank reported during the Gaidar Forum.
It also pointed out other economic problems, such as inefficient governance, outdated infrastructure, an unattractive investment climate, and declining human capital. Nevertheless, the authorities continue to pin their hopes on the scenario of rising oil prices, which, according to many economists, might be feasible in We will," he told reporters on the sidelines of the economic forum.
This means that there is much less real money than is officially declared.
That last one is exactly what the Russia authorities have done, taking from the Reserve Fund for current spending. After all, austerity and fiscal consolidation in a crisis leads to much healthier economies in the long run. But the problem is that the buffer of the wealth fund took away the urgency of austerity, because the cushion will run out sooner or later, and the Kremlin will be forced to confront inconvenient spending choices.The Midterm Elections are fast approaching.
ABC News brings you in-depth coverage and breaking political news, as voters determine the Senate and House of Representatives. Why the Russian economic crisis is far from over Jan 17, Pavel Koshkin Analysis Despite encouraging signs, Russian economists and politicians continue to express only cautious optimism about the future of the economy.
Revelationnet: Is the Antichrist Russian President Putin?
-- More on Putin and Russia -- a Bible prophecy and New Age analysis IN AUGUST WHEN PUTIN FIRST ROSE TO POWER IN RUSSIA, THERE WAS A RARE GRAND CROSS ASTROLOGY PATTERN OF PLANETS IN A CROSS SHAPE, AND A TOTAL SOLAR ECLIPSE OVER EUROPE, INDICATING THAT PUTIN IS THE EVIL ANTICHRIST .
The second shock was the economic sanctions resulting from geopolitical tensions, which negatively affected investor appetite for Russian investments. Capital flights and high inflation compound Russia’s economic woes as the economy registered the steepest contraction since contracting % in the full year Economic Outlook.
Amid the recovered oil prices, macro stabilization, and recovering global economy, Russia’s economy is expected to keep growing. With the projected price of oil remaining robust at US$58, $59, and $60 per barrel in , , and , respectively, the economy is estimated to grow by % in , % in , and .
WEAKNESSES High energy, economic and financial dependence on Russia; Sensitivity to prices of oil and its derivatives; Omnipresent control by State over the economy (56% of added value, 70% of GDP).