Russias strong performance |
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While growth has been slowing in the developed markets over the last quarters, economic expansion in Russia has, on the contrary, accelerated, driven by buoyant domestic demand. Rising energy prices have led to strong rises in government spending, in recent years and in 2008, and this has caused demand pressures to build up, inflation to rise and imports to soar. Admittedly, the Russian authorities have had virtually no chance of preventing rising world market food prices from pushing up
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