Russia Kudrin naprorochil half-century of economic difficulties.

KommentariiDaesh new projections! 27.03.2009Obnovlenny budget for 2009 has not yet been adopted, but ustarevaetVneshneekonomicheskie conditions for Russia may be unfavorable in the next ten, twenty, and perhaps fifty years. The statement was made by Finance Minister Alexei Kudrin, RIA News.
According to Kudrin, the best outlook for Russia was in 2000-2004. Now the world economy is going through a difficult period, as declines in the United States lasts for several months. The Minister noted that in the 90's recession in the American economy was observed within 8 months, and recovery from it - within 92 months. Now the economic crisis in the United States over the last 16-18 months, so expect that to overcome its effects will take several years.
Therefore, stressed the official, Russia should be ready to conclude that the country's crisis would not be so rapid as in 1999-2000, when low prices for resources was accompanied by favorable conditions. Particularly difficult will be the country because of the collapse of world trade. In the WTO, international trade projected to decrease by 9 percent in 2009.
Remember, in early March, Alexei Kudrin, has already made a similar statement about the future of foreign economic conditions. In particular, he said that Russia should not expect good momentum in oil prices over the next 5-10 or even 50 years.
Because of the global economic crisis in Russia in 2009, probably awaiting the first in the XXI century recession. According to various forecasts, the decline in GDP may reach 2.2 to 5.5 per cent. In 2008, the Russian economy grew by 5.6 per cent.
The global economic crisis began in the United States after the collapse of the housing and mortgage markets in 2007. Due to turmoil in financial markets several leading financial institutions in Europe and the United States went bankrupt or were nationalized. At the end of the fourth quarter of 2008, a decline in the U.S. economy was a record since the 1950's.
Among the emerging markets hardest hit Eastern European region, where several countries, including Latvia and Ukraine, were on the brink of default. The economic recession in these countries on the basis of 2009 may forecast of specialists, expressed to two significant figures.