A grand plan

摘要

The Commonwealth of Independent States (CIS) comprises of: Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan. Among these countries - formed when the former Soviet Union dissolved in 1991 - Russia dominates the region. Therefore, a weak Russian economy severely damages the strength of the region as a whole. Gross Domestic Product (GDP) in 2018 in Russia is estimated to grow 1.8%, with a slight decline to 1.6% predicated for 2019. Data provided by IHS Global Insight reveals that total construction spending in Russia declined by 0.5% in 2017 but is predicted to increase 2.3% in 2018, followed by a modest rise in 2019 of 1.1%.