Russian Investments Doing Well

By Mike Swanson

The Russia economy is growing and this is one of the biggest news stories considering the current economic climate in which we find ourselves. There are many who are convinced that the global recession is worse than the Great Depression and that this could go on for years to come. This is all speculation though and no-one seems to be sure, but it worries stock market beginners. What is certain though is that times are very tough indeed.

This country is still often seen to be one of mystery given that it was cloaked from the world view for a long time during the years of Communism. When the Berlin wall fell in 1989 it was clear that the world had changed dramatically.

The entrance of Russia into the global economy was quite dramatic and this was done in accordance with advice received from western economists. They did not agree with the gradual approach adopted by China and as it turned out, this was not a good option for Russia. Consequently, the country has had to struggle to get onto its feet.

But this is not the case any more with Russia as the country is one of the few that seems to actually be experiencing growth in the middle of this economic maelstrom. This is indeed incredible and speaks to the fact that the government is working to ensure that there is greater economic diversification.

The government wants to ensure that the success of the whole economy is not just bound to one economic activity. So they will work to ensure that the country of Russia can rely on activities such as services going forward. This is a strategy that many other countries have used successfully in the past.

If they are going to continue with this type of policy then one would expect that the situation where the Russia economy is growing is not going to change. - 23221

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