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Russian consumers-earning and spending more.

Publication: Market Europe
Publication Date: 01-JAN-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
In its December 2006 review of the Russian economy, the World Bank affirmed what the international financial press has been reporting all year-Russia is growing fast. For the years 2003 and 2004, the economy grew at over 7.0 percent (7.3 percent and 7.2 percent respectively, according to International Monetary Fund (IMF) statistics). The IMF estimates GDP growth for 2006 and 2007 at 6.5 percent for each year.

And the graph above shows, the country's consumers are participating...

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