The Russian economy revives and is at the exit from the longest recession in over two decades. On Thursday, August 11, says the Agency Bloomberg with reference to the opinions of 19 experts.
Entrepreneurial activity in the country recovering, increasing demand for electricity and the volume of cargo. “Key indicators suggest that the pulse of the Russian economy have become more frequent”, — reports the Agency.
As one of the indicators, the experts used the number of connections of economic actors to the grid. In 2016, it is increasing, which speaks to the growing optimism in the business environment. A connection is an expensive procedure, requiring long-term development plan of the enterprise.
In addition, in the second quarter of 2016, Russia’s GDP decreased by 0.8 percent in annual terms — this is the best indicator since the beginning of 2015, when the country had a recession.
The Agency points out that the economic recovery has led to increased investor interest in Russian assets. From April to June, the ruble strengthened against the dollar by almost five percent, the second best result among developing economies in the world. The volatility of the ruble fell to a two-year low, according to Bloomberg.
July 30, first Deputy Finance Minister Tatyana Nesterenko has warned that the current stability in the Russian economy was achieved only at the expense of reserves. Unchanged by the end of 2017, they will be depleted and the government will not be able to pay wages, she said.
Two days before this the Ministry of economic development reported that in June the decline of Russia’s GDP with the exception of seasonal factors almost stopped.
By the end of 2015, Russia’s economy has shrunk by 3.7 percent.
