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And for their own part, they need to stop relying on oil & gas and get on with the modernization.
In the global downturn, they shifted funds originally pegged for infrastructure improvement over to stimulus; saving companies, same as other nations.
Now they're going to borrow on the world market - something they haven't needed to do.
They're in really great shape financially, which is more than you can say for a lot of nations these days, but like others, they have the unemployment problem.
Comparative (projected) budget deficits as % of GDP:
Canada: less than 3 per cent of GDP
US: 12 per cent of GDP
Russia: 6.4 per cent of GDP
Posts in this Thread:
- A Misplaced Fear of Russian Money, JohnA
, Thu, 11 Feb 2010 20:00:20- Vladimir Antonov intends to prove FBI wrong, JohnA
, Tue, 16 Feb 2010 07:34:56 - A justified mistrust of Russian involvement, Chuck, Fri, 12 Feb 2010 20:12:41
- Re: A justified mistrust of Russian involvement, swede-murphy
, Sat, 13 Feb 2010 17:33:46 - slime bastard giving up his part in Spyker cars, Siegfried, Sat, 13 Feb 2010 13:22:30
- I see you found a pigeon for that hole of yours n/m, JohnA
, Sat, 13 Feb 2010 05:25:58 - really?not that american companys have any slime on, earthbone, Sat, 13 Feb 2010 03:30:00
- come on... that is pure bigotry, ryan
, Fri, 12 Feb 2010 23:13:58
- 50 years of paranoia, No Snaab, Fri, 12 Feb 2010 07:02:48
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