Business » Finance
Author`s name Dmitry Sudakov

IMF Predicts Growth for Russian Economy in 2010

In 2010, the Russian economy will grow by 4.25%, after falling 7.9% last year. This forecast was made yesterday by the International Monetary Fund.

Foreign experts expect a “moderate recovery of the Russian business.” It will be caused by a gradual increase of household incomes and decrease in unemployment. In 2011, the economic growth will slow to 4%. Inflation is expected to be 6% in 2010 and 5.5% in 2011.

“This is one of the rare occasions when the IMF forecast coincides with our view of the situation in the economy,” said Aghvan Mikaelian, general director of FinExpertiza Company. “By our estimates, the GDP in the current year will grow by 4.2%, while inflation will exceed 6%, but will not reach 7%.”

Most experts from the IMF are concerned with the budgetary issues. The deficit has grown significantly during the crisis. The authorities had to allocate no less than 10% of the GDP for economic development.

“Approximately three-quarters of anti-crisis incentives go towards the increases in pensions. Therefore, reduction of expenses will be required in other areas,” IMF experts say.

“Russia has unnecessarily high costs of maintaining the state machine and law enforcement agencies,” agrees Agvan Mikaelian. “Officials and security forces can be reduced by 20 - 25% without loss in quality of work.“

Komsomolskaya Pravda

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Comments
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea declares victory over USA
Visit to Moscow: Tillerson takes secret offer for Putin
Turkish President Erdogan issues ultimatum to Washington and Brussels
The need for a Global Political Agenda 2018
Pentagon can not accept Russia's victory over terrorists in Syria
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russia will continue spending enough on defence not to be killed
Italy: Free fall
Tel Aviv, Jerusalem, capitals and puppets
North Korea declares victory over USA
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russia unveils the date for the launch of the superbridge to Crimea
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin: Russia will continue spending enough on defence not to be killed
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Turkish President Erdogan issues ultimatum to Washington and Brussels
New Syria to be born in Russia's Sochi
New Syria to be born in Russia's Sochi