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Russia: Recession Not Excluded Anymore
Politics ♦
Published: July 22, 2013; 19:57 ♦ (Vindobona)

Above all, Russia suffers from a shrinking industrial sector and a decline in foreign direct investments.

Until now, Russia was almost unaffected by the economic slowdown in Europe. However, economists think that the economic deceleration in Russia will continue. In the best case, Russia´s economy will stagnate this year. In the last months, the forecasts had to be revised several times.
In spring, Russian economists forecasted that the Russian GDP will grow by 1.6% this year. In…
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