Photo: Petr Bystrov / “Kommersant”
In the second half of 2016 will begin the recovery of the Russian economy out of recession. This is stated in the global macroeconomic forecast for 2016-2017, the international rating Agency Moody’s, reports on Friday, August 19,TASS.
Analysts pointed out that the policy of import substitution had a positive impact on the manufacturing industry. This, in turn, helped increase industrial production in June by 1.7 percent year on year.
The Agency has improved the forecast of development of Russian economy up to minus 0.5 percent in 2016 and 2 percent in 2017. Previously, Moody’s expected fall in GDP this year of 1.5 percent.
MATERIALS
00:01 24 July 2016
Hello from the bottom
Why the crisis in Russia is almost over
August 15, Moody’s noted that sanctions against Russia can be strengthened in the case of increasing tensions over the situation in Crimea. The Agency’s experts predicted that the country could face a resumption of capital outflows and the weakening of the ruble.
On 8 August, the Bank of Russia reported that the recession in the Russian economy is over, the country expects slower GDP growth. In turn, Vascutouch that in the second quarter, Russia’s economy began to decline again and broke the bottom.
