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Russia's Economy: Food Import Growth, When?(Brief Article)
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February 1, 2001|
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COPYRIGHT 2001 U.S. Department of Agriculture. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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After a decade of freefall, Russia's economy is finally showing a growth trend. Today, despite its problems, Russia's import market is on the upswing and shows signs it may repeat its 1994 growth pattern, when it became the fastest growing food market ever.
In the 1990s, Russia's gross domestic product (GDP) spiraled downwards, approaching the decade's end with a disastrous currency devaluation in August 1998. That crisis knocked Russia off the short list of agricultural markets that import more than $1 billion worth of U.S. products.
After the ruble's ...
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