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Govt Predicts Recession If No Action Taken
17.04.2013 08:01
Govt Predicts Recession If No Action Taken
Photo Credit: http://www.novosti-ru.ru

Russia's economy may grind down to a halt if no action is taken to stimulate growth, says Economic Development Minister Anton Siluanov.

      The warning of a recession comes a day after the ministry downgraded its 2013 GDP forecast from 3.6 to 2.4 percent.

      In February, economic growth totaled a mere 0.1 percent, prompting the government to start cautiously talking about a possible downturn. 




Author: Mikhail Vesely

Tags: Anton Siluanov Russian economy    

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