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The economic growth of Russia has witnessed a steady annual average of 6.5% since the financial crisis of 1998. This growth was uninterrupted for the fifth consecutive year until 2003. The driving forces behind this economic resurgence can be attributed to factors such as high oil prices, as well as a relatively cheap ruble.
However, it is interesting to observe that investment and consumer-driven demand have taken on an increasingly important role since the year 2000. The positive influence of these two factors on Russia's economy has been notable, and they have contributed to the country's sustained economic growth over the years.
In conclusion, Russia's remarkable run of economic success has been fueled by a wide range of factors. While resource-related matters such as high oil prices have certainly played an important part, it is clear that investment and consumer-driven demand are now critical components of the country's economic growth.
However, it is interesting to observe that investment and consumer-driven demand have taken on an increasingly important role since the year 2000. The positive influence of these two factors on Russia's economy has been notable, and they have contributed to the country's sustained economic growth over the years.
In conclusion, Russia's remarkable run of economic success has been fueled by a wide range of factors. While resource-related matters such as high oil prices have certainly played an important part, it is clear that investment and consumer-driven demand are now critical components of the country's economic growth.
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