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. ” – Ministry of Economic Development noted earlier.
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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