In the first half of 2011, the Russian economy continued to recover, but grew at a lower rate compared to the level before the global financial crisis. The economic structure underwent slow adjustment. Although the processing and construction industries returned to the growth path with a marked increase in the total volume of retails and exports, the endogeneity of growth momentum was lacking. Domestic demand continued to expand and the inflationary pressure has reduced. Russia's international reserves exceeded US$530bn for the first time, ranking the 3rd in the world, only behind China and Japan. In 2012, Russian economy is estimated to experience slower growth. In 2011, the economic growth of the Central Asian countries was stable, better than expected. Economic diversification is the goal of each country's development. <<