Monday, January 11, 2016

Economists do not see the bottom of the recession

The decline in GDP in April could be around 4%, said Deputy Economic Development Minister Alexei Vedev. During January - March of GDP, according to Rosstat, fell by 1.9%. Based on these figures decline in GDP in January - April could reach 2.5%, thought Nikolai Kondrashov of the Center for Development Economics. The same result calculations showed Vladimir Tikhomirov from the BCS.Earlier, the Economic Development Ministry forecast the recession in April at 3.5-3.7%, but it can be more, he does not rule out Vedev (quoted by "Interfax").Russia's economy will begin to recover in 2016 .The IMF predicted the Russian long sluggish growth Russia's economy will begin to recover in 2016, but the prospects for a better dynamics of 1.5% per year is not 8.

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