Tuesday, August 11, 2015

The fall of Russia’s GDP in the second quarter accelerated to 4.6% – Kommersant

Russia’s GDP in volume terms in the second quarter of 2015 decreased relative to the corresponding period last year by 4.6%, resulting in a preliminary assessment of Rosstat. Rosstat data were slightly worse than preliminary calculations the Ministry of Economy, which is evaluated by the fall in GDP in votorom quarter at 4.4%. More detailed data on GDP for the second quarter will be presented in mid-September.

Earlier “Kommersant” reported that, according to the forecast of Bloomberg, the decline of Russia’s GDP in the second quarter will be 4, 5%. Earlier, analysts expected the Russian economy over the same period will slow to 4%. Experts also worsened assessment of the dynamics of GDP in the second half. According to the forecast of the Ministry of Economy, in the second quarter a decline of 4.4%. However, in the third quarter, economic recovery will begin. In the second quarter, the decline will be greater experts, convinced the deputy director of the Institute “Development Center” Higher School of Economics, Valery Mironov.

For more information on the expert assessment of GDP growth, see the article ” FM “” The Russian economy brings domestic demand ».

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