HSE experts declared the fall of the Russian economy below the bottom.
“The Russian economy for six months experienced a real recession. It is stated in the report “Comments on the state and business”, Higher school of Economics (HSE).
As noted by the HSE, in 2016 in Russia was the process of compression of the economy. He touched on almost all sectors, except wholesale trade. As a result, the economy of the Russian Federation has broken the agreement reached in the first quarter of 2016, “bottom” and fell 1.4% and 5.5% below the level of 2014, respectively.
According to data published in the report, the most affected sector as a result of the recession was the construction. Its volumes fell to the level of 2006, a decrease of 10%, which is below the low of the crisis in 2009. Retail sales fell for six months, 3.1%” https://news.rambler.ru/business/34337302-eksperty_vshe_zayavili_o_padenii_ekonomiki_rf_nizhe_dna_/.
Went they went, they built, they built and finally sailed to the harbour “bottom”, which opened a gap in the “nowhere”.
Experience the life of Russians “at the bottom” there is, and quite extensive, easy to explore read the works of Russian classics by Gorky, Dostoevsky, Tolstoy, Turgenev, and many others.
11 APR 2012 everything optimistically promised,”According to our estimates, in the next two to three years Russia will be among the five largest economies in the world“, – Putin said in his annual government report to the state Duma. He noted that we are talking about the increase in such indicator as GDP”.
However, by August 2016, led by Vladimir Putin, the Russian economy was in “storm center”.
“The lack of reforms in the Russian economy could lead to a waste of reserves by the end of 2017. This was stated by first Deputy Finance Minister Tatyana Nesterenko.
“If nothing changes, by the end of next year we will not have reserves nor the ability to pay salaries, we will have serious economic problems. The public sector is our main internal call”, – quotes its RBC.
According to the Deputy head of the Ministry of Finance, the current state of the Russian economy can be characterized as the “storm center”.
“The storm is a condition when everything calms down. When everything looks quiet and well, but actually we are already in the center,” she said“.
In the meantime, the government plans to cut 40% of budget places in universities and about 10 thousand scientists, Medvedev spoke about the new “optimization” of social spending, the Finance Ministry plans 15.5% reduction in funding of regions and three times to cut the program of support of small and medium-sized businesses.
Waiting to the new great-power initiatives, citizens?
