Local elections in Donbass still some way off, says Ukrainian ministerWorld October 28, 2:39
Israel’s emotions are over top regarding UNESCO resolutions on Jerusalem - GatilovRussian Politics & Diplomacy October 28, 2:28
Russia speaks against politicization of probe into chemical attacks in Syria - GatilovRussian Politics & Diplomacy October 28, 2:25
UN, OPCW’s conclusions on Syria’s involvement in chemical attacks unconvincing - ChurkinRussian Politics & Diplomacy October 28, 2:00
Russian DefMin surprised by UNICEF inaction amid growing terrorist activity in SyriaRussian Politics & Diplomacy October 27, 23:14
Russian Defense Ministry: Video of airstrike on Syrian school doctored upRussian Politics & Diplomacy October 27, 21:22
Putin says its too early for him to retireSociety & Culture October 27, 21:10
Putin urges US not to provoke Russia to actively protect national interestsRussian Politics & Diplomacy October 27, 20:20
NATO’s actions create risks to European security — Russian NATO envoyRussian Politics & Diplomacy October 27, 19:52
ODINTSOVO /Moscow region/, August 12 (Itar-Tass) - Russia’s Ministry of Economic Development hopes the results of the current year’s second half will be better than those of January-June, Minister Alexei Ulyukayev told reporters on Monday.
“I repeat - those are statistics exercises, which do not affect the general estimation that the results of the second half of the year will be much better than those of the first half, both due to the base effect, and to the agricultural year, and due to the changes of rates,” the minister said.
“There are many factors, which allow us to say that results of the second half of the year will be much better than those of the first half, if calculated in the GDP shares, as well as in industrial indexes.”
Ulyukayev stressed he could not see reasons to review the forecast for the year’s economic growth.
Speaking about a recession, the minister explained: “the risk is here, and the objective of the economic policy is to mind all the existing risks.”
Meanwhile, the Kommersant published on Monday an interview with Ulyukayev, where the minister claimed the Russian economy did not and would not have any recession.
“Stagnation is probably a timely term now,” he said answering a question how his ministry characterized the current state of the economy - as a beginning recession or as stagnation.
Ulyukayev gave reasons why recession was impossible in the Russian economy: “There is consumer demand, there is export.”
“Russia’s pure export cannot be a mighty driver of the economic growth, but it may well be used to offer for many years not very high, but positive growth rates,” the minister said. “Our structural and social matrix is able to keep the growth rate at about three percent. This would be an average global growth rate.”