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Russian economy largest in Europe – Putin ...News
The country’s GDP expanded above expectations last year The Russian economy keeps growing and has already become the largest in Europe and the fifth largest in the world in terms of purchasing power parity (PPP), President Vladimir Putin said while speaking at the ‘Everything for Victory’ forum in the city of Tula on Friday. PPP is a metric popular with many economists that compares economic productivity and standards of living between countries by adjusting for the differences in the cost of goods and services. According to the Russian leader, the country’s economy has demonstrated stability, unlike those of the
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