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The report warns that Russia's economy will join those places in experiencing "slow relative declines".
The main relative declines were in wood processing and paper, textiles and clothing, and food processing.
Median household income rose at about the same rate as inflation last year after three years of relative declines, according to the report.
While the global economic crisis is causing companies worldwide to tear up business plans and scale back growth, in the Middle East the relative declines in the media sector have been less severe and certainly the potential for growth is still very apparent.
The professors looked at United States stock market performance, month by month, from January 1970 through June 1999, then divided the results into three categories of equal size: the months in which the market had the biggest relative declines (compared with the previous month); the "calm" months, those in which it rose or fell little; and the months in which it rose the most.
We investigate the factors that enabled such emerging innovator economies to achieve successful catch-up while some historically more innovative countries experienced relative declines in innovative productivity.
Similar(43)
The relative declined to elaborate.
Both were in relative decline.
The US market is in relative decline.
Have we entered a period of relative decline?
In 1952 Douglas MacArthur warned of "our own relative decline".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com