Get our rare newsletters
Contact GoalEuropeIf you have questions or need a consultation, get in touch.
I don’t have a nostalgia of ‘pyatiletkas’. The five-year plans were favoured by USSR politicians to make forecasts and compare those with achievements of the national economies since 1928.
It seems that the ‘pyatiletkas’ are back in vogue in Russia as a new report has been with a five-year forcast of the Russian Internet economy performance. It is expected to grow at 15-20 percent until the year 2018, reports Wall Street Journal Emerging Europe.
The study, conducted by Russian Association for Electronic Communications and the Higher School of Economics estimated that in 2012 the Russian Internet industry has accounted for 1,3% of the country’s GDP as 66 million Russian are online.
In the best practices of the statistical analysis though, the scenarios include the best case – 35-40 percent growth if all goes well, and 3-6 percent growth if the country is hit by an economic crisis.
The gap between the scenarios is so high, one would think that the growth can go either way, although the analysts at Mail.Ru Group shared with WSJ that the forecast is conservative.
+44 (020) 3290 3544
vita at goaleurope dot com