Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Economy Slowing Down
13.12.2012 17:00

Russian economy will slow down in 2013 and is unlikely to meet the 3.7 percent growth target set in the national budget for next year, according to experts.

      At a forum held by FBK, one of Russia's first private auditing firms, its chief strategic analyst, Igor Nikolaev, pointed to the weak growth in one of the most critical indicators. Production of goods and services rose just 0.8 percent in October 2012, compared to October 2011, he said.

      Nikolaev believes this minor increase is driven by trade and real estate deals only, which means it can drop to zero any time soon.

      2013 will see a further decline and the target value of 3.7 percent growth fixed in the budget is hardly a realistic one, he warns.


Author: Mikhail Vesely

Tags: Russian economy FBK recession   

Next Previous

You might also find interesting:

SPIEF: E-commerce Race
The Russian Sistema_VC Fund Invested in the DataSine Project that is Engaged in Personalizing Content for Customers
SPIEF 2018: Finoteka Presentation
The Ministry of Economic Development is Changing Corporate Law
The Chinese Rural Taobao Company will Sell Products of Chinese Manufacturers in Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
St. Petersburg  Sochi Olympic Games 2014  Moscow Canal  Winzavod  the Sayano-Chouchensk reserve  Ukraine crisis  Satellite Imagery  Moscow restaurants  Filipp Malyavin  Heroism   Garage  Burial Grounds  Timur Bekmambetov  The Bolshoy Theatre   Festivals in Moscow  the Red Square  Russian Cinema  human rights  International space station  accident  ecology  Butyrskaya Prison  Chegemskie Waterfalls  Mercedes-Benz Fashion Week Russia  Volvo Fashion Week  Elbrus  Pustozyorsk  Russian business  Pavel Cherenkov  Russian history  Arkhangelsk region  FIFA world cup 2018 tickets  Fires  Starichkov Island  terrorism  inventions  fesival of reconstruction  Exhibitions in Moscow  Crimea  Russian sportswomen  Russian Literature  Pavel Scherbov Memorial Estate  Norilsk Nickel  Russian tourism  Moscow  Business in Russia  Russian religion  Global Warming  Monuments in Russia  Germany 

Travel Blogs
Top Traveling Sites