The current financial crisis is influencing many countries, and to minimize the global economic downturn, there has been great international bank bailout this year in May. However, some economists believe that Russia can minimize the effect locally and can improve the economy into better shape.
One of the factors that were discussed in this article was change in the infrastructure spending.
With the large infrastructure development program already on its way, it is believed that it can help Russian business. This would further decrease the unemployment as there would be more jobs available. The government is currently considering an investment to improve social infrastructure particularly in health and education, as well as housing stock.
Furthermore, investments in gas and oil development as well as investment in transport and logistics infrastructure would help to improve the energy sector and the heavy industry especially steelmakers and construction outfits.
Overall, it is believed that these changes in the infrastructure with its massive investment would help to increase employment in addition to keeping up the consumption, generating improvements in quality of life for everyday Russians.
No comments:
Post a Comment