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Friday, January 20, 2017

The report of the HSE: the Russian economy fell below the “bottom”


Experts of the Higher school of Economics (HSE) presented the paper “Comments on the state and business”, which summed up the first half of the year for the Russian economy. Experts say that in the first quarter of 2016, the economy has broken earlier reached the “bottom”, writes “the Newspaper.<url>. In the second quarter, Russia’s GDP fell by 1.4% below the “bottom” mark in the HSE.

More than other industries, according to the report, “fell” build — here, the volume fell by 10% in six months. Retail turnover during this time decreased by 3.1%.

HSE experts believe that the recession in the Russian economy will continue.

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