The rally staged by Trade Unions and certain movements of car drivers is held in Moscow September 10, 2008. The slogan reads: "Poor Russia."
Photo: Andrei Stenin
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Russia Leads in Inflation Amid 11 Biggest Economies
Of 11 biggest economies of the world, Russia posted the highest inflation in September, PRIME-TASS reported.
Russia’s statistics authority Rosstat has arrived at this conclusion after analyzing statistics of IMF, OECD as well as the latest data of national statistics agencies.
Russia had the 15-percent inflation in annual terms in September. India followed with 9.8 percent and Britain had 5.2 percent. The fourth and the fifth positions were taken by the United States and Canada respectively.
At the same time, Russia was the second in terms of the GDP growth in the second quarter (7.5 percent), having yielded the leadership to India (7.9 percent). Brazil was the third with 6.1 percent and Italy closed the list with 0.1 percent of the economic decline.
But China is outside the report of Rosstat, although its economy stepped up 10.1 percent judging by official statistics for the second quarter.
Of eight economies (the data wasn’t available for Brazil, India and China), France suffered from the highest level of unemployment (7.9 percent), Germany was the second (7.1 percent) and the United States had 6.1 percent. Russia posted the 6-percent unemployment.
The major portion of Rosstat statistics covers the second and the third quarters of 2008, i.e. the time when the global crisis hadn’t escalated to the acute stage. When the latter was reached, the growth rates slowed down in the leading economies and some of them faced technical recession (the decline for two quarters in a row).
www.kommersant.com
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