[lbo-talk] Russian economy grows 6.4% in Q1 - ministry

Chris Doss itschris13 at hotmail.com
Mon Apr 28 08:36:49 PDT 2003



>
>Here's a math question for the econ wonks: if the economy of Russia
>grows 6.4% yearly, and the economy of the U. S. grows 1.6% yearly,
>in how many years will Russia's GDP be greater than that of the U. S.?
>I realize it's not realistic to assume this as a permanent pattern,
>but I'm just wondering.
>
>Miles

A long time. At current rates, it will take 40 years to catch up with Portugal's GDP. Things look a lot different if you calculate for PPP and factor in the shadow economy, though.


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