FIFA’s report on Russia’s 2018 bidding dismisses Western media allegations — LOC chiefSport June 27, 19:53
Kremlin says its computers not affected by hacker attackRussian Politics & Diplomacy June 27, 18:55
Security experts urge Putin, Trump to overcome disagreementsWorld June 27, 18:51
Jury to deliver verdict on Nemtsov murder case on June 28Society & Culture June 27, 18:42
Syrian president visits Russia’s Khmeymim airbaseWorld June 27, 18:17
National Guard to complete assigned missions both in Russia and abroadMilitary & Defense June 27, 18:10
Key facts about St. Petersburg International Maritime Defense ShowMilitary & Defense June 27, 17:57
Rosneft, Mars and Nivea are among victims of massive cyber attack in RussiaBusiness & Economy June 27, 17:04
Russian anti-doping body working on future strategy planSport June 27, 17:01
BREST /Belarus/, July 27. /TASS/. Economic recession has hit its bottom in Russia, the Minister of Economic Development Alexey Ulyukayev said on Monday.
"A 3.4% drop is our 1H estimate, around 4.4% is our Q2 estimate. We assume this is probably the lowest point, which will be followed by some certain upwards correction starting from Q3," the Minister said.
The result of the Government’s actions within the anti-crisis policy is already obvious, he said. "We see that recession dynamics is decreasing. We expect the trajectory to change within nearest weeks, first month-on-month positive dynamics and later year-on-year economic growth in 2016," the Minister added.
The economic situation in Russia is going to improve in the third quarter as GDP drop will not exceed 2.6-2.8% by the end of 2016, he said.
According to reviewed economic forecast by Russia’s Economic Development Ministry published in May, GDP will drop by 2.8% in 2015 while in 2016 and 2017 GDP will grow by 2.3% and by 2.4% in 2018.