Воскресенье , 20 сентября 2020
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The economist explained why the government benefits from a weak ruble

The Russian government is interested in weak national currency. Such opinion to the correspondent of «Rosbalt» was expressed by the researcher, Center for modernization studies at the European University in St. Petersburg Andrei Zaostrovtsev. «As a result of all manipulations during a pandemic is a deficit budget. And the lower …

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The U.S. economy has fallen to a record

Real US GDP for the second quarter of 2020 fell by 32.9% yoy, data from the Bureau of economic analysis at the U.S. Department of Commerce. This is a record drop in U.S. GDP for the quarter since 1947, when the U.S. government began to collect such statistics, according to …

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The price of gold first broke the barrier of $2000

The price of gold jumped on Friday morning by 1.44% to $1995 per Troy ounce, according to data the American stock exchange Comex. The maximum value during the trading session was $2005,4, according to RBC. Thus, the price of gold for the first time in history exceeded $2000 per ounce. …

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Exchange rate of the dollar broke the mark of 74 rubles

The Russian national currency continues to lose ground to the dollar and the Euro during today’s trading on the Moscow exchange, with the U.S. currency for the first time since may 14 exceeded 74 rubles. As of 12:18 Moscow time the dollar calculations «tomorrow» has jumped by almost 91 kopecks …

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The government forces officials can’t manage the economy

There is another well-established myth that the government can manage the economy. That there might also be some other «better» officials, who suddenly start to act like entrepreneurs but will work for a salary, not taking bribes and not getting «kickbacks». All management of the economy under Putin has been …

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