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Maksim Reshetnikov noted the large disparity in the two countries? growth rates
Russia may overtake Japan as the world’s fourth largest economy in the coming years, Economy Minister Maksim Reshetnikov stated on Wednesday.
Russia has already moved passed Germany, the EU’s economic heavyweight, in purchasing power party (PPP) terms and now has the fifth largest economy globally according to the same metric, the minister noted.
PPP is a metric popular with many economists that compares economic productivity and standards of living between countries by adjusting for the differences in the cost of goods and services.
