Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: goldsnow who wrote (374)	7/22/1998 1:39:00 PM
From: Real Man	Read Replies (2) of 1301

I don't think Russian consumption matters that much. Asia is a different matter. Japanese economy is a lot larger than Russian (both have 150 mln population), and Japan has no resources. Of course, if you take into account that Russia is terribly inefficient, maybe they should consume more energy/metals/etc. I have seen a graph: GDP change (%) vs time (years), which shows a long-term uptrend. It crossed zero last year. While Russian output of oil decreased, I have read that more oil is coming from Saudi Arabia, Iraq, etc. - these countries try to compensate falling oil prices by rising output. Discontent is already in place, revolt is likely. Russia has to spend a lot of money feeding bureaucrats (old commies). Maybe, a deep crisis is needed to shake those off.

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