The strength of global demand provides a positive external environment in which euro area exports are expected to grow significantly both this year and next. On the domestic front, favourable financing conditions and an improvement in corporate earnings should continue to support investment in the euro area.
The integration of the Russian economy into the world economy More than twelve years ago the Russian Federation embarked on a road that would lead the country through the difficult transition from a centralised system to a market-driven economy, from a fully closed to an open society. It has been a bumpy road, but the ground that has been covered is impressive.