Russian economy becomes biggest in Europe | Russia Beyond The Headlines:
"According to data published by the World Bank in July, Russia is fighting the global economic crisis much more successfully than most developed countries. Based on GDP adjusted for purchasing power parity (PPP), Russia jumped ahead of all the EU nations in 2012, including Germany, which is number six in the world.
Ahead of Russia in the top five were the United States, China, India and Japan. The World Bank data substantiated the IMF rankings published in late 2012, even though the IMF rankings put Russia in sixth place, slightly behind Germany.
July's World Bank rankings of GDP adjusted for PPP further confirm the noteworthy level of the Russian economy, experts say. According to IMF data on nominal GDP, Russia rose from ninth to eighth place."
'via Blog this'
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