economy in russia
Russia’s economy began to recover from the Soviet collapse in 1999, this was mainly caused by oil and gas
exports, but the decline in oil and gas prices and other aspects of the global economic downturn
beginning in 2008 contributed to an 8% drop in gross domestic product in 2009. Since then, rising
world oil prices have strengthen the economy. Investment and consumer demand have contributed to slow economic growth in 2013. Other factors that hold back economic growth include unreformed healthcare, educational institutions and high rates of crime, corruption, capital flight, and unemployment.
exports, but the decline in oil and gas prices and other aspects of the global economic downturn
beginning in 2008 contributed to an 8% drop in gross domestic product in 2009. Since then, rising
world oil prices have strengthen the economy. Investment and consumer demand have contributed to slow economic growth in 2013. Other factors that hold back economic growth include unreformed healthcare, educational institutions and high rates of crime, corruption, capital flight, and unemployment.
health care issues:
- A health crisis emerged in Russia due to declining health and insufficient health care. The crisis is so severe that the term “disappearing population” has been applied to Russia due to a high death rate, low birth rate, and low life expectancy among its people. These factors continue to worsen due to a lack of resources throughout the healthcare system. The government has been slow to respond to the current crisis, often ignoring calls to reform the system and sometimes passing inappropriate measures. Non-governmental organizations (NGOs) and medical professionals report there is an urgent need to organize differently the system, and recommend a number of programs to improve health care and reduce mortality. Continued government inaction will have a huge impact on the economy, security, and quality of life in Russia. Access to health care needs to be recognized as a basic human right.
Unemployment rates in russia:
- Russia is a huge country, consisting of 83 federal subjects - regions and each region has its own history, people, government, resources and economy. As they are so different, so is the unemployment rate. Russia’s economy hasn't been good recently, with news stories attempting to sell, the increased risk of recession and the central bank’s limited room for maneuver. GDP growth in the second quarter was as little as 1.2% year over year, which would make it Russia’s worst performance since the harrowing recession that accompanied the global financial crisis.