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 Biz-Day.com - dedicated to quality business news in English!
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 BRIC
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02 Mar 07 04:32
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How sound is Russia's economic growth?
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RIA Novosti economic commentator Nina Kulikova
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An important factor in Russia's economic growth last year was the unprecedented scale of investment. According to official statistics, the increase in investment in fixed assets hit a six-year high of 13.5% against 10.7% in 2005. The government views the rise as a sign of a healthy economy. Yet the country's stagnating industry makes talk of sound economic growth seem premature.
The fact that investment grew almost twice as fast as gross domestic product (up 6.7%) is really a positive...
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