Thursday 19 September 2013

Russia's Growth Ranking Low, Hopes High | Business | The Moscow Times

Russia's Growth Ranking Low, Hopes High | Business | The Moscow Times:

"A study on economic factors that stimulate growth that was released Thursday puts Russia in 43rd place out of 60 countries, showing no overall improvement over last year's ranking.

The Grant Thornton Global Dynamism Index for 2013, which combined 2012 results with economic development forecasts for 2013, placed Australia at the top of the list, Chile second, China third, and the U.S. and Britain in the 11th and 34th positions, respectively. Struggling eurozone country Greece took last place.

The overall score was derived from five high level categories, each of which was rated separately using 22 different economic indicators, such as gross domestic product growth rate, investments in research and development, regulatory risk, access to finance and labor productivity.

The five categories are business operating environment, science and technology, labor and human capital, financing environment and economics and growth."

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