Russian Economy Enters Top Ten
The GDP of Russia reached ?942 bln in 2007.
The GDP of Russia reached ?942 bln in 2007 that made the Russian economy tenth largest in the world. This conclusion was made by the analysts of the UniCredit bank.
The experts remark, the rise of the households consumption level by 31.2% became the reason for the GDP growth. Another factor that affected Russia’s economy is increase in the corporate investments that accounted for 21.1% in 2007.
According to the UniCredit forecasts, in 2008 the GDP and wage growth in Russia will account for 6.7% and 12% respectively. For comparison, the government anticipates growth of GDP at 7%. Volume of investments shall grow by 14% in 2008.
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