Russia May Overtake Germany as No. 5 Economy by 2020: PWC

Author: us-russia
Comments: 0
Russia May Overtake Germany as No. 5 Economy by 2020: PWC
Published 17-01-2013, 07:20
Russian gross domestic product may overtake Germany’s by 2020, making the Russian economy the world’s fifth largest, PricewaterhouseCoopers LLP said in a report today.

"Russia has strong potential in the short to medium term,” PWC’s chief economist, John Hawksworth, said in a phone interview from London today. "It has strength in natural- resource sectors, which are much in demand.”

Russia, the world’s biggest energy exporter, will face declining growth in about a decade because of an aging population and shrinking workforce, Hawksworth said. By 2050, Russia’s economy is projected to fall back to sixth place in purchasing power parity terms, behind Japan, Brazil, India, the U.S. and China, PWC said in the report on its website.

Comments: 0
Experts' Panel
Are the U.S. and Russia...
The Sunday, February 24 edition of Russian state television’s...
Are the U.S. and Russia...
Top
popular in the journal
RUSSIAN FEDERATION SITREP 14 MAY...

RUSSIAN FEDERATION SITREP 14 MAY...

RUSSIA AND COVID. Today’s numbers: total cases: 250K; total deaths: 2305; tests per 1 million: 42K.Russia has done six million tests (second after USA); among ...
More than a thousand people in 40...

More than a thousand people in 40...

On April 24, more than 1,000 people in 40 countries were able to watch the live broadcast of the International Space Bridge dedicated to the 75th anniversary of the Elbe ...
Victory in Europe Day: These...

Victory in Europe Day: These...

From Coca-Cola to Nestle, some of the most iconic American brands eagerly took part in the Nazi experiment.
Чья Победа?

Чья Победа?

Андрей Шитов — о том, почему в мире не утихают "войны памяти"
Workshop “Women in nuclear sphere”.

Workshop “Women in nuclear sphere”.

The international center for public diplomacy IIR NRNU MEPHI in partnership with the International scientific and methodical center NRNU MEPhI invite you to join the ...