PARNAS leader attacked during march in Nemtsov’s memorySociety & Culture February 26, 16:59
Donetsk water purification station recaptured from Ukrainian radicalsWorld February 26, 15:24
Russian skiers Ustyugov, Kryukov win team sprint at World ChampionshipsSport February 26, 15:23
Opposition activist Dadin sentenced for disorders at rallies leaves jailRussian Politics & Diplomacy February 26, 12:58
Aerospace Force chief says Russian army to get new combat jets and helicoptersMilitary & Defense February 26, 11:15
Mistura says Homs terror attacks attempt to derail Geneva talksWorld February 26, 5:49
Where to watch unique solar eclipse and spectacular ‘ring of fire’Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
ST. PETERSBURG, June 19. /TASS/. Sberbank CEO German Gref expects the debt crisis to continue in 2016, he told journalists at the St. Petersburg International Economic Forum (SPIEF-2015).
"We believe that we will see, among other things, the debt crisis at least in the first quarter of next year. The next year you’ll be able to talk about some recession, but not an increase. So far I do not see sources for growth. Recovery growth is possible, but we’re more likely to spin around zero," he said.
The Economic Development Minister Alexey Ulyukayevexpects to see the beginning of recovery growth in the Q4. "Thus the recession will last three quarters. The recovery growth will begin in the fourth quarter," he said.
At the same time, according to his estimations, Russia could reach the level of potential GDP growth rate of 2%-3% by mid-2016. "I believe that we have a good opportunity to reach the potential level of output by the middle of 2016," the Minister said. He noted that the potential growth of Russia's GDP is estimated at 3.2%, below the world average.