Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Russia in the global financial storm
Will late 2008-early 2009 in Russia be a winter of discontent? Reading Russian media may give one the distinct feeling of a very serious crisis, with important social and political ramifications.
There is, no doubt, a season of hardship looming ahead for Russia. However, the situation looks much better than in 1998, which is the country’s most important reference point for a crisis. The worst forecast so far published, as usual the International Monetary Fund’s, predicts a 3% growth rate in the Russian economy for 2009. This is much lower than that experienced in 2007 and 2008. Still, there are plenty of governments in advanced economies, from Paris to Washington, that would dream of such a growth rate.
The global financial crisis has hit the Russian economy in two different ways: one real and one psychological. It is quite easy to assess the first aspect because it is grounded in objective and well-known factors. The second aspect is much harder to assess because collective psychology is not an exact science.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Bucharest - April 28-30
Houston, TX - May 5-8
Savannah, GA - May 5-8
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.