Russia - International Political Economy http://russiablogspot.com Russia - International Political Economy - Analysis and Commentary is a daily blog the focused on current events surrounding the Russia economy, Russia foreign direct investment, Russia government, and Russia trade. Thu, 11 Mar 2010 15:03:07 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Manufacturing in the Russian Economy Still Expanding http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/moaRns3M7Gc/ http://russiablogspot.com/russia-economy/manufacturing-in-the-russian-economy-still-expanding/#comments Mon, 01 Mar 2010 13:42:18 +0000 rbs http://russiablogspot.com/?p=108 Russia’s PMI index printed a reading of 50.2 in February signaling that manufacturing in the Russian economy is still expanding according to RT.

Despite a reading of above 50, the Russia PMI for February is down from January’s reading of 50.8 which is of concern considering the fragility of the Russia economy.

Nonetheless, February’s reading marks the first consecutive reading above 50 since July of 2007.

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]]> http://russiablogspot.com/russia-economy/manufacturing-in-the-russian-economy-still-expanding/feed/ 0 http://russiablogspot.com/russia-economy/manufacturing-in-the-russian-economy-still-expanding/ Industrial Output in the Russian Economy Rises 7.8 Percent http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/kV-uAKCHfv8/ http://russiablogspot.com/russia-economy/industrial-output-in-the-russian-economy-rises-78-percent/#comments Mon, 15 Feb 2010 14:24:47 +0000 rbs http://russiablogspot.com/russia-economy/industrial-output-in-the-russian-economy-rises-78-percent/ Industrial output in the Russian economy rose 7.8 percent in January according to the Federal Statistics Service and AP.

The positive Russian economic news marks a high in industrial production since the start of the global recession.

While other BRIC economics have weathered the impact of the global economic downturn fairly well, the Russian economy has struggled badly with Russian GDP (Gross Domestic Product) down 7.9 percent in 2009. At this point, any positive economic news is welcome for the Russian government and Russian economy.

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]]> http://russiablogspot.com/russia-economy/industrial-output-in-the-russian-economy-rises-78-percent/feed/ 0 http://russiablogspot.com/russia-economy/industrial-output-in-the-russian-economy-rises-78-percent/ Russian Economy Expected to Expand 6.4 Percent in 2010 http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/VGGoTqeDUoM/ http://russiablogspot.com/russia-economy/russian-economy-expected-to-expand-6-4-percent-in-2010/#comments Thu, 11 Feb 2010 14:32:21 +0000 rbs http://russiablogspot.com/?p=105 Aton, a Moscow-based brokerage firm, expects the Russian economy to expand 6.4 percent in 2010 as opposed to the Russian government expectation of 5.8 percent according to Bloomberg.

The key driver to the positive expectation for Russian economic growth by the firm is high oil prices at an estimated $79 a barrel in 2010 which is Russia biggest export.

Growth in the Russian economy slide by 7.9 percent in 2009.

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]]> http://russiablogspot.com/russia-economy/russian-economy-expected-to-expand-6-4-percent-in-2010/feed/ 0 http://russiablogspot.com/russia-economy/russian-economy-expected-to-expand-6-4-percent-in-2010/ Russian Economy Declines 7.9 Percent in 2009 http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/JNJgVsFL3zg/ http://russiablogspot.com/russia-economy/russian-economy-declines-79-percent-in-2009/#comments Mon, 01 Feb 2010 13:57:37 +0000 rbs http://russiablogspot.com/russia-economy/russian-economy-declines-79-percent-in-2009/ Gross domestic product (GDP) in the Russian economy declined by 7.9 percent in 2009 according to MarketWatch.

The key driver of the drop in the Russian economy was a sharp fall in oil prices as the BRIC nation relies heavily on commodities to grow.

The decline was better than economist expected at 8.5 percent but the Russian economy grew by 5.6 percent in 2008 and all of its BRIC peers grew in 2009.

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]]> http://russiablogspot.com/russia-economy/russian-economy-declines-79-percent-in-2009/feed/ 0 http://russiablogspot.com/russia-economy/russian-economy-declines-79-percent-in-2009/ World Bank Expects Russia Economy to Grow 3.2 Percent in 2010 http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/uUqu8Ba__xY/ http://russiablogspot.com/russia-economy/world-bank-expects-russia-economy-to-grow-32-percent-in-2010/#comments Mon, 25 Jan 2010 13:00:41 +0000 rbs http://russiablogspot.com/russia-economy/world-bank-expects-russia-economy-to-grow-32-percent-in-2010/ The World Bank announced it expects the Russian economy to grow 3.2 percent in 2010 according to Xinhua.

The forecast for GDP growth in the Russian economy was published in the World Bank’s Global Economic Prospects 2010 and site a rise in oil prices as a drive to Russian economic growth.

Estimates show the Russian economy may have declined by as much as 8.7 percent in 2009.

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]]> http://russiablogspot.com/russia-economy/world-bank-expects-russia-economy-to-grow-32-percent-in-2010/feed/ 0 http://russiablogspot.com/russia-economy/world-bank-expects-russia-economy-to-grow-32-percent-in-2010/ 20 Percent of GDP in Russian Economy From Illegal Trade http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/gknqRmPZjCU/ http://russiablogspot.com/russia-economy/20-percent-of-gdp-in-russian-economy-from-illegal-trade/#comments Fri, 15 Jan 2010 13:04:04 +0000 rbs http://russiablogspot.com/russia-economy/20-percent-of-gdp-in-russian-economy-from-illegal-trade/ Russia’s head of the statistics service announced that 20 Percent of GDP in Russian economy is from illegal trade according to Bloomberg.

Otherwise known as the ‘Shadow Economy’, illegal trade of anything for guns to drugs to gardening to tuition is thought to account for $71 billion of the Russian economy.

The unemployment rate in the Russian economy hit a high of 8.1 percent in November of 2009.

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]]> http://russiablogspot.com/russia-economy/20-percent-of-gdp-in-russian-economy-from-illegal-trade/feed/ 0 http://russiablogspot.com/russia-economy/20-percent-of-gdp-in-russian-economy-from-illegal-trade/ New Car Sales in Russian Economy Drop 49 Percent http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/IrMGdsnLBYs/ http://russiablogspot.com/russia-economy/new-car-sales-in-russian-economy-drop-49-percent/#comments Thu, 14 Jan 2010 13:04:30 +0000 rbs http://russiablogspot.com/russia-economy/new-car-sales-in-russian-economy-drop-49-percent/ New cars sales in the Russian economy dropped as much as 49 percent as consumer demand slumped in 2009 according to Xinhua.

The negative Russian economic news comes as in 2008 new cars sales hit a record high of 1.46 million units.

Nonetheless, Russian car maker AvtoVAZ plans to increase production output by 50 percent in order to account fro an expected increase in demand for 2010 as the Russian economy climbs out of is worst recession in ten years.

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]]> http://russiablogspot.com/russia-economy/new-car-sales-in-russian-economy-drop-49-percent/feed/ 0 http://russiablogspot.com/russia-economy/new-car-sales-in-russian-economy-drop-49-percent/ Russian Government Bans Russian Imports of US Poultry http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/JMqOGlYlXZ4/ http://russiablogspot.com/russia-trade/russian-government-bans-russian-imports-of-us-poultry/#comments Thu, 07 Jan 2010 12:56:09 +0000 rbs http://russiablogspot.com/russia-trade/russian-government-bans-russian-imports-of-us-poultry/ The Russian government has placed a ban on Russian imports of US Poultry according to FoodSafetyNews.

The Russian trade ban is over the US use of chlorine in poultry production as a anti-microbial treatment.

Russia is the US’s tenth largest agriculture importer and Russian imports of US poultry make up about half of the $1.8 billion in agricultural trade made with the US in 2009.

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]]> http://russiablogspot.com/russia-trade/russian-government-bans-russian-imports-of-us-poultry/feed/ 0 http://russiablogspot.com/russia-trade/russian-government-bans-russian-imports-of-us-poultry/ IMF Expects Russian Economy to Grow 3.5 Percent in 2010 http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/mGw2nJj7gZE/ http://russiablogspot.com/russia-economy/imf-expects-russian-economy-to-grow-35-percent-in-2010/#comments Tue, 15 Dec 2009 02:59:51 +0000 rbs http://russiablogspot.com/russia-economy/imf-expects-russian-economy-to-grow-35-percent-in-2010/ The International Monetary Fund (IMF) has announced that it expects the Russian economy to expand 3.2 percent in 2010 according to Reuters.

Since the Russian economy came out of recession in Q3 of 2009 it has only grown 0.6 percent and the IMF is still greatly concerned that credit expansion due to bad banks loans could stifle growth in the Russian economy despite its positive growth forecast.

The IMF also cautioned the Russian government and the Russian central bank to refrain from further interest rate cuts until stability in the Russian economy is restored.

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]]> http://russiablogspot.com/russia-economy/imf-expects-russian-economy-to-grow-35-percent-in-2010/feed/ 0 http://russiablogspot.com/russia-economy/imf-expects-russian-economy-to-grow-35-percent-in-2010/ New Car Sales in Russian Economy Fall 46 Percent http://feedproxy.google.com/~r/russiablogspot/DOgX/~3/bXiXSgfAitw/ http://russiablogspot.com/russia-economy/new-car-sales-in-russian-economy-fall-46-percent/#comments Tue, 08 Dec 2009 14:17:04 +0000 rbs http://russiablogspot.com/?p=95 New cars sales in the Russian economy fell 46 percent in November according to the Association of European Businesses and Reuters.

The weak Russian economic news will continue to add pressure on the Russian government to act in order to prop the Russian economy with stimulus.

One proposed scheme is similar to the US cash for clunkers stimulus where the Russian government would pay $1,733 to trade in cars older than 10 year in return for buying a new Russian made car.

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