Russia Matters, Regardless of What US, EU Leaders Say [CHARTS]

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Harrison Roger
Published on
Updated on

It's quite common in today's politically charged world to hear western leaders say something to the effect that "Russia doesn't matter."  The facts, though, do not confirm their story.

Here is a look at five indicators that paint a picture of a Russian economy that's highly important to global economic growth.

Jobs Created

The first is global employment growth.  In fifth place is the Russian economy at 3 million net new jobs, accounting for about 5 percent of all net new jobs since 2009 (sample size = 65).  Hurting Russian employment will certainly have a multiplier effect on connected nations.

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Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.