The Russian economy is close to recession, not to record growth in the first half of the year, said today (26) the Ministry of Economy of the country.
“This means that the state of the economy is close the recession. We believe that in the third quarter the situation may improve a bit and there will be some growth, “said Oleg Zasov, Head of Macroeconomic Forecasts of the ministry.
Despite the setback of the economy of 0.5% in first quarter , local agencies estimate that the Gross Domestic Product (GDP) can still grow 0.1% to 0.2%.
Zasob also commented growth forecasts for 2015, which may lower than 2% to 1%, since, according to him, were not confirmed predictions about the relief of the Ukrainian conflict and the consequent international pressure.
“We expected that investments could already be felt next year, especially in the sector private. But, since we realized that now the credit conditions in international markets were hardened, as new sanctions that were introduced did not expect, “he said.
Somada to macroeconomic forecasts, there is a provision Falling oil price for 2015 of $ 90 to $ 95, well below the $ 100 per barrel provided by the Moscow government, according to the deputy Russian finance minister, Alexei Moseev.
recently the Federal Statistics Service of Russia reported that the country’s economy is in a state of technical recession and that international sanctions have exacerbated this trend.
The annexation of the Crimea and the conflict in eastern Ukraine, as well as international sanctions have forced Russia and the World Bank to revise the growth forecasts for the Russian economy for 2014 and 2015.
No comments:
Post a Comment