Mutual Funds Investing in Russia
Friday, July 13th, 2007If the growth rate of the current economy is sustained, Russia will become the second-largest economy in Europe after Germany and the sixth-largest in the world within a few years. High oil prices would help with this level of growth.
Housing prices have more than doubled in Moscow. What happens in Moscow is extremely important to the country as a whole: despite having only 10% of the Russian population, Moscow contributes one third of the country’s GDP. Moscow’s economy is therefore a good indicator of where the country as a whole is heading.
For more information about Mutual Funds Investing in Russia click here.
