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.

Russia: Recession Not Excluded Anymore / Picture: ©

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…