Putin Exaggerated Russian Economy’s Resilience Most key macroeconomic indicators -- GDP growth rate, interest rate, inflation rate and credit rating -- in Russia are worse than in most G-20 countries.
, Russia's annual inflation rate was 12% -- one of the highest among the G-20 countries. Only two G-20 countries had inflation higher, Turkey, at 84.39%, and Argentina, at 92.4%.than in Russia. In the European Union, annual inflation in November was 10.1%, in Australia 7.3%, in the U.S. 7.1%, in India 5.88%, in South Korea 5%, in Japan 3.8%, and in China 1.6%., the rate at which banks can borrow money from the central bank.
As of December, the interest rate in Russia was 7.5%, which is also above the G-20 average. By comparison, the interest rate in India in was 6.25%, the U.S. 4.5%, China 3.65% and the European Union 2.5%. In Japan, this rate is negative - minus 0.1%, meaning the lender will have to return to the central bank less money than it borrowed in a year.Investopedia.com“A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity.
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