Despite the economic slowdown, Russia’s building materials industry offers some opportunites - May 2009

The Russian economy is the ninth largest in the world with an average GDP growth rate of 7% per annum - having effectively emerged from the depression of the late 1990s and the events following the fall of Soviet Union. However, the upswing in the Russian economy has been slowing down across-the-board in view of the on-going recession on the global market. According to the World Bank, the country’s economy will enter into a recession and shrink by 4.5% in 2009.

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