Recent data from the IMF show that Russia has retained its place among the largest economies in the world. In the ranking of 2015, as in previous year, is slightly behind Germany, according MixedNews.
Reviewer of the magazine “PWB” Alexander Mikishev:
“Obama, apparently, until the end of life will remember his statement about the Russian economy is torn to shreds and nod in the direction of Russia. When they say it, you’ll tear?
The ranking of 2015.
The author writes: “China is even further away from the USA, consolidating its leadership position as the number one economy in the world with a volume of 19.5 trillion in dollar terms. USA lagging behind by as much as 1.5 trillion dollars, equivalent to the size of the economy of Canada.
Of the large economies, India has demonstrated the most growth, reaching $ 8 trillion dollars last year. For India are Japan’s 4.8 trillion, Germany with 3.8 trillion and Russia with 3.5 trillion.
Notwithstanding the above, perhaps someone wants to introduce readers misled by his assertions that the Russian economy is on the 13th place with 1.2 trillion. The catch is that the first figure is calculated on the basis of purchasing power parity (PPP), while the second, lowering the Russian economy to the lowest position, obtained based on the calculation of the current nominal exchange rate of the dollar against the ruble. Haters of Russia, of course, want to operate the latter.
Comparison of world economies by nominal GDP-based currency exchange rate is completely wrong, because it reflects only short-sighted speculative exchange rate differences. The method of calculation of GDP at PPP, in contrast, allows you to define the size of the economy based on real production in the country. In principle, this method compares how American dollars are different countries, and then adjusts their nominal GDP thus obtained coefficient. (Since the currency is dollar, then the nominal GDP and GDP (PPP) for the United States by definition is always the same).
For example, you can compare the purchasing power of comparing, how much bread or meat can be bought for 10 dollars in different countries. After a sharp devaluation of the ruble can be purchased for roubles fewer dollars by 50-60 per cent. Accordingly, the nominal value of Russian GDP fell by the same amount, as expressed in dollars. However, buyer can buy for rubles almost as much bread and meat as before. The size of the economy, of course, should be driven by real production, and not in accordance with fluctuating nominal exchange rate.
Therefore, it is necessary to use more persuasive than GDP at PPP. With a weak ruble Russia produces at the same price in USD (for half the price in dollars) the same Dry fighters, tanks T-90 or Armata, the Superjet aircraft, nuclear power stations, cars, bridges, houses, etc.“.
Yes, the situation remains difficult, but in a global sense it’s not so bad, to put it mildly. And, of course, our partners remain a very interested observer.
Developments in the Russian economy in General goes in the right direction, but the results are not brilliant. This opinion was expressed on the eve of the managing Director of the IMF Christine Lagarde, reports TASS.
Previously on “straight line” President Vladimir Patisaul that the situation in the Russian economy is not yet reformed, but the trend is positive.
Commenting on the words of the Russian leader, Lagarde said that “in the direction of the trend is up”, but “this does not mean that the results are outstanding”.
“The improvement is really there,’ she continued. — For a country highly dependent on natural resource extraction, all of which means that the population has to bear the heavy burden, that results in the direction were correct.“
Lagarde called for “carefully read” nevypolnenie-analytical report of the Fund. In the document IMF predicts decline in GDP in Russia in 2016 by 1.8%.
In turn, the President of the world Bank (WB) Jim Yong Kondabagil that WB is concerned about the state of the economy in Russia. “We’re really worried about Russia, he said. — Russia is an important country, and it is expected this year negative growth.“ It “seriously hinders” the growth of economies of neighbouring countries, said Kim.
The President of the WB, of course, did not explain why inhibits the growth of neighboring countries (which ones? Ukraine, the Baltic States?), and who prevents to develop Russia. And, of course, I would like to know what place in the list of alarms of the head of the world Bank Russia. It seems that is not the first”.
