HSE reported on the fall of the Russian economy is below “bottom”
Russian economy in first half of 2016, survived a recession, the process of compression was “broad front”, the recovery of economic activity in Russia so far, experts of the Institute “development Center” Higher school of Economics, the report will catalogazione RBC.
“He completed only the first, the most acute phase of adjustment of the economy to the “new normal” economy again began to contract, breaking the “bottom”. And GDP, which characterizes the production of the economy as a whole, struck the “bottom” in the first quarter of 2016, and in the second quarter, according to our estimates, was 1.4% below the “bottom” and 5.5% below average in 2014″ – according to the HSE.
Most of the evaluated HSE period hit the construction, the volumes for the six months fell by 10%. In the second quarter of 2016 the volume of production in this sector fell below the low of the 2009 recession and fell to the level of the end of 2006.
Industrial production for the six months decreased by 0.1%, retail turnover for January-June decreased by 3.1%. According to the Bank, in the second quarter, the annual decline of the Russian economy amounted to 0,2–0,4%, for the year 2016, according to estimates, GDP will fall by 0.3–0.7 percent.
In June, experts from the HSE, spoke about the deepening recession in the Russian economy. On the return of the Russian economy in the lowest point experts Sesoonsuse in February 2016. According to economists, the country will not emerge from recession until 2020.
