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September 24, 2009
False Economic Hopes
By Graham Stack
Special to Russia Profile

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Rumors of imminent economic growth may be exaggerated by dubious inventory statistics. A chorus of analysts is attributing Russia’s ten percent GDP contraction this year to companies selling inventories rather than producing, and is gung ho about growth restarting as soon as inventories empty. But others are warning against drawing strong conclusions from Russia’s deceptive national estimates.

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