Tag: GDP

(Russia Beyond the Headlines – rbth.ru – Anna Kuchma, RBTH – November 14, 2013) The Russian Ministry of Economic Development (MED) has lowered its forecasted growth rate for the country’s development through 2030. Experts caution that the new projection is conservative and describes the most negative Decreasing real oil prices and oil production output will cause Russia’s economic growth during […]

MOSCOW. Nov 12 (Interfax) – Russia’s gross domestic product expanded 1.2% year-on-year last quarter, the Federal State Statistics Service (Rosstat) said on Tuesday. That was in line with what the Economic Development Ministry had calculated for the period – 1.2%. Rosstat did not report January-September GDP dynamics. Judging from the data for Q1 (1.6% year-on-year growth), Q2 (1.2%), and Q3, […]

(Business New Europe – bne.eu – Ben Aris in Moscow – October 17, 2013) Russia’s growth over the first nine months of this year was 0%, Deputy Economic Development Minister Andrei Klepach said on October 15. While the rest of the world is fixated on trying to spur growth, the Kremlin is largely ignoring the problem of its stagnating economy, […]

(Interfax – NOVO-OGARYOVO, September 11, 2013) Russia needs to have a growth budget in 2014-2016 despite the difficulties in the global economy, President Vladimir Putin said at a meeting on drafting the budget for the next three years. “We need to soberly assess the situation and bring revenue and spending into line with the economic growth forecast that is shaping […]

(Moscow Times – themoscowtimes.com – Irina Filatova – September 10, 2013) The Russian economy might see a slight pickup by the end of this year driven by expanding investment and a possible easing of monetary policy by the Central Bank, according to the latest forecast by Morgan Stanley presented Monday. The GDP growth is likely to expand by 2.2 percent […]

(Bloomberg – bloomberg.com – Leonid Bershidsky – August 20, 2013) Russia’s economy, long one of the drivers of growth in the developing world, might already be in recession. Worse, the country’s leaders are offering no indication that they’re prepared to combat it. Identifying recessions can be difficult in Russia. The typical definition is two quarters of declining gross domestic product, […]

(Moscow Times – themoscowtimes.com – Irina Filatova – August 12, 2013) Russia has recorded another quarterly decline in its economic growth rate, fueling concerns about a possible recession and casting doubt on President Vladimir Putin’s hopes to attain annual growth of 5 percent over the next few years. The negative dynamic could intensify pressure on the government and the Central […]

(Moscow Times – themoscowtimes.com – July 31, 2013) Russian industry’s main economic indicators do not suggest it is on its way to recovery in the second half of 2013. Low demand for industrial goods remains the main challenge for Russian businesses according to a poll conducted by the Gaidar Institute. The poll showed that in July demand was at its […]

(Interfax – KALUGA, July 23, 2013) Russian Economic Development Minister Alexei Ulyukayev considers the 2.4% slump in investments in fixed capital in June, factoring in seasonal and calendar factors, is a worrisome sign, but there is an improvement trend and the 2.4% GDP growth forecast is not changing. “Generally, of course, the sign is troubling,” Ulyukayev told the press on […]

(Business New Europe – bne.eu – MOSCOW BLOG – July 17, 2013) Russia passed an important milestone on July 15, overtaking Germany to become the biggest economy in Europe in terms of purchasing power parity and the fifth biggest in the world. This achievement comes on top of the World Bank’s decision a week earlier to upgrade Russia from a […]

(Business New Europe – bne.eu – June 17, 2013) The great debate in Russia is if growth has stalled or if the economy is only going through a soft patch at the moment. GDP growth fell to 1.6% in the first quarter (revised up from the initial estimate of 1.1%). But that is still not very good. Industrial production growth […]

(Interfax – MOSCOW, May 16, 2013) The current trend of slowed economic growth in Russia might be reversed this quarter, according to the Russian Economic Development Ministry. “We anticipate that there will be a turning point in negative trends already in the second quarter and that economic growth will surpass 3% in the second half of the year,” Economic Development […]