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Russia bounced back from the August 1998 financial crash

Russia bounced back from the August 1998 financial crash with surprising speed. Much of the reason for the recovery is that world oil prices rapidly rose during 1999–2000 (just as falling energy prices on the world market helped to deepen Russia’s financial troubles), so that Russia ran a large trade surplus in 1999 and 2000. Another reason is that domestic industries, such as food processing, had benefited from the devaluation, which caused a steep increase in the prices of imported goods.[6][7] Also, since Russia’s economy was operating to such a large extent on barter and other non-monetary instruments of exchange, the financial collapse had far less of an impact on many producers than it would had the economy been dependent on a banking system. Finally, the economy has been helped by an infusion of cash; as enterprises were able to pay off arrears in back wages and taxes, it in turn allowed consumer demand for the goods and services of Russian industry to rise. For the first time in many years, unemployment in 2000 fell as enterprises added workers.

По темата:

• Най-яките валути
• Урокът на първия инстинкт
• Водещи анализатори на пазара обявиха повишаване на американския долара
• Кредитни карти от скъпоценни метали
• На почивка на ДУБАЙ, на балъците им казвам само бай, бай, бай

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