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Loads of companies needed to close down, mass lay-offs of various corporations took effect it was one of the worst conditions experienced not just in the business world but the entire country and ultimately the entire world particularly economies which might be tied with the economy of the United States.
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Though Russia will not be heading within the democratic direction that many in the West would like (the truth is, it appears to be heading towards a semi-autocratic state, through which enterprise pursuits are paramount) Russia is without doubt one of the world’s quickest growing economies.