Print Russia’s GDP in the II quarter decreased by 0.6% compared to 1.2% in the quarter I, according to Rosstat. The reduction of GDP in annual terms, was in the I quarter of 2015 of 2.8%, in II quarter – 4.5%, in the III quarter – 3.7% in the IV quarter – 3.8%. Overall, in 2015, Russia’s GDP fell by 3.7%.
Federal State Statistics Service does not estimate the recession / GDP growth for the half year. Ministry of Economic Development estimated the decline in GDP in the first half of the year at 0.9%.
“The rate of decline of Russia’s GDP was reduced from minus 0.8% in April to minus 0.6% in May and -0.5% in June. At the same time the decline in GDP seasonally purified virtually stopped (in April, he was minus 0.2%, in May – minus 0.1%, in June -. 0%) The main impact on slowing economic recession in II quarter have industrial production, transport, agriculture continues to provide negative impact of the construction and retail trade. ” –
The head of the Ministry of Economic Alexei Ulyukayev said earlier that the Russian economy is in an unstable equilibrium. In the III quarter of decline / growth of GDP may be 0%. “All this is very borderline. I think it will be around zero in the III quarter, maybe a little less, maybe a little plus. On the year is proceeding from the fact that the minus 0.2%. But we still clarify the situation is unstable in such an equilibrium, “- said the Minister.
Economic Development Ministry predicts decline in GDP in 2016 to 0.2% at an oil price of $ 40 per barrel.
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