Russia Stocks Doing Well

By Mike Swanson

The current economic situation that faces the world is one of the worst in history. Some people think that this could even be on a bigger scale than the Great Depression to the harm of stock market beginners. While this is not clear at present, this doesn't really matter when you consider the reality of people struggling to put food on their table. Despite these conditions, there is one country that has surprised many and that is that the Russia economy is growing.

Russia is still considered to be a place of mystery by some because we have not seen as much of the country's history as others. The cloak of communism kept the country and its happenings under wraps for a long time. The fall of the Berlin Wall meant that things were to change forever in 1989.

This change meant that the country was suddenly thrown into the international economy and at first it must be said that it did not do too well at all. While this was of course a failing for the country itself, it was also a poor reflection on the western economists that had provided advice to the Russian government. Hindsight suggested that Russia should have taken the same path as China.

While it is too late to change this now, it would seem that the Russian economy has bounced back and it is one of the few in the world at the moment that is actually growing. A lot of this is put down to the mineral wealth of the county and the fact that it is also focused on diversifying its economy.

Ensuring that you are not dependent on just one economic activity for revenue generation is essential and this is what the Russian government is working towards now.

If they are going to continue with this type of policy then one would expect that the situation where the Russia economy is growing is not going to change. - 23223

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