Digitalization Change Structure of Russian Economy
World Economy

Digitalization Change Structure of Russian Economy

Russia is able to reach average global economic growth rates of around 2.9%, Chief Executive Officer of the World Bank Kristalina Georgieva said in an interview with Tass. “The World Bank projects a 2.9% global economic growth rate through 2020. I assume this is an attainable goal for Russia,” she said. According to Georgieva, it is necessary to enhance the efficiency of capital and labor in order to achieve high growth rates. “Specifically for Russia it means a serious approach to investing in people, in human capital, particularly in the quality of education and labor,” she explained. Digitalization can totally change the structure of the Russian economy, which is already happening, Georgieva added. Asked how seriously digitalization can change the structure of the Russian economy, she said: “It can turn it around, and it is already turning it around to be precise.” Russia’s new government after its March presidential election should invest more in education and healthcare to help spur economic growth, Georgieva said recently.


Short URL : https://goo.gl/JhMKcq
  1. https://goo.gl/Z8CWBg
  • https://goo.gl/Kx5fG5
  • https://goo.gl/QdhxN4
  • https://goo.gl/Qy5HWZ
  • https://goo.gl/uSwyPc

You can also read ...

Closing Africa’s Wealth Gap
From “Africa Reeling” to “Africa Rising”, there’s a new...
Asian countries form a crucial part of the supply chain for many of the Chinese electronics the US has slapped with tariffs.
The mounting trade tensions between the US and much of the...
The accumulated improvement in the structural balance since 2015 amounted to 0.7% of GDP.
The European Council closed the excessive deficit procedure...
Venezuela Wants to Improve Economy
Venezuelan Labor Minister Eduardo Pinate says the Bolivarian...
Bitcoin Falls to Four-Month Low
Bitcoin dropped to a more than four-month low on Friday,...
GDP expanded 6.8% year-on-year in the Q1.
With growth resilient and progress made in the pursuit of high...
New Whistleblower Rises Against India’s ICICI Bank
India’s private lender ICICI Bank has been identified as a...
Italy’s New Gov’t Facing Daunting Challenges
Italy’s Five Star Movement and the Lega party managed to form...

Add new comment

Read our comment policy before posting your viewpoints