Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment

What Helped Russia's Economy Survive in 2015?

Quicklink submitted By       Message Natylie Baldwin     Permalink
Related Topic(s): ; ; ; , Add Tags

View Ratings | Rate It

opednews.com Headlined to H3 1/1/16

Author 1398
Become a Fan
  (25 fans)
From commons.wikimedia.org/wiki/File:Flag_of_Russia.svg: File:Flag of Russia.svg - Wikimedia Commons
File:Flag of Russia.svg - Wikimedia Commons
(Image by commons.wikimedia.org)
  Permission   Details   DMCA

When looking at the negative economic results of the past year, we can find only one reason to be optimistic. Before 2015, many expert economists predicted that the Russian economy would not be able to handle oil prices below $60 per barrel, then they changed the number to under $50 and finally to less than $40.  As we have observed, nothing terrible happened. The Russian economy survived and did not collapse even with the current $36-37 per barrel. It proved a lot more resilient than skeptics gave it credit for.  So what alleviated the consequences of the recession?

Read the rest of the story HERE:

At www.russia-direct.org

- Advertisement -
- Advertisement -