Russia’s economy has bottomed out in August of 2015, but to rise with him — is extremely difficult. This current crisis is fundamentally different from the collapse of 1998. On Wednesday, may 18, said chief analyst of Sberbank Mikhail Matovnikov, reports TASS.
“There are two scenarios: “stick in the mud”, as it was in 1998 when we fell hard enough, but then quite quickly, much recovered, or will it be a crisis when we fell, followed by a very long period, low growth”, — said Matovnikov.
He stressed that the negative predictions of the end of 2014 — beginning of 2015 was not fulfilled: the funds were not fully spent, inflation is not galloping, the country’s budget “is not in such a bad shape.” “And, in the end, the fall of the ruble is much less than in 2009, and in 2008. We are, in General, is that we have a shallow decline,” — said the expert.
Earlier, on 18 may, the Bloomberg Agency reported that Russia’s economy is going through a major over the past 15 years of change after the collapse of the oil market. The longest for 20 years, the recession in Russia could end in the third quarter of 2016, according to the Agency.
On 17 may, the Minister of Finance Anton Siluanov stated that the Russian economy has adapted to the current situation in the global economy.
Russia’s GDP in the first quarter of 2016 has decreased compared to the same period last year by 1.2 percent. In 2015, the Russian economy contracted by 3.7 percent.
