Arab Today, arab today russia s gdp unlikely to reach 57 per annum even amid
Last Updated : GMT 03:02:41
Arab Today, arab today
Arab Today, arab today

Russia s GDP unlikely to Reach 5-7% per Annum even Amid

Arab Today, arab today

Arab Today, arab today Russia s GDP unlikely to Reach 5-7% per Annum even Amid

Russia’s GDP is unlikely to reach the annual level of 5-7% even amid high oil prices, Economic Development Minister Aleksey Ulyukayev said in an opinion piece published in Vedomosti daily
Moscow - QNA

Russia’s GDP is unlikely to reach the annual level of 5-7% even amid high oil prices, Economic Development Minister Aleksey Ulyukayev said in an opinion piece published in Vedomosti daily on Thursday. 
According to Ulyukayev, Russia faced a recovery growth of 7% on average in 2000-2008 backed by the low cost of labor and other factors of production and its assets on the whole as well as additional capacity utilization amid favorable global environment on commodity and capital markets, Russian news agency (TASS) reported. 
The growth consisted of a number of factors, such as surging fixed assets (2.2%), rising number of employed (0.3%), export expansion (1.5%) and an increase of combined factor productivity (1.4%), the article said, while the virtual GDP growth of 1.5% exceeded the potential level of 5.4% mainly due to fast growth rates of crude prices. 
"It is next to impossible to repeat the achievement due to the fact that a number of factors - both domestic and external - have been run out of, which is related to deep structural changes in the global economy that has been shifting to the state of a 'new normal’. 
This state implies flattened out growth rates in countries with developing and developed economies, the lack of new leading countries able to demonstrate high growth rates for a long period of time, a rapid development of technologies causing a slowdown of demand for raw materials resources and a de-emphasis on those resources as a factor triggering growth and investment attractiveness," Ulyukayev said. 
Russia's economic policy should be focused on raising potential growth, which can be achieved by using labor force, capital accumulation via growth of investment as well as enhancing labor and capital efficiency, the minister said, adding that it is quite realistic to double potential growth, which means getting to the 4% of GDP upward curve. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia s gdp unlikely to reach 57 per annum even amid Arab Today, arab today russia s gdp unlikely to reach 57 per annum even amid

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia s gdp unlikely to reach 57 per annum even amid Arab Today, arab today russia s gdp unlikely to reach 57 per annum even amid

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday