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Thursday, October 27, 2016

The Ministry of economic development called it impossible to return Russia to its previous growth rate

The Ministry of economic development of the Russian Federation prepared the materials for the meeting of the Economic Council under the President of the Russian Federation, which will be held on may 25. The materials, according to TASS. it is noted that the calculations show the practical impossibility of returning the country to its previous trajectory of growth of 5-7% per year, even in the face of oil prices above $ 50 per barrel. The Ministry believes that this is due to deep structural changes in the world economy, escalating to as the “new normality”.

Rising prices and a falling ruble. Chronicle of events

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