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Uralsib: Exports Depend On the Exchange Rate Of the Russian Currency
29.06.2017 00:01
Uralsib: Exports Depend On the Exchange Rate Of the Russian Currency

The strengthening of the rouble in the past few months will hinder the re-establishment of Russian industry, still growth in key sectors persists. This was reported by the Chief Economist of “Uralsib” Aleksei Devyatov in a macroeconomic review on Thursday, June 22.

      The indicator of the end of economic recession is Russia’s GDP growth by 0.5 percent in annual terms in the first quarter, as he recalls. The main drivers of growth were industry, agriculture and transport. When domestic demand is weak, industry is growing due to the increase in exports which depend on the exchange rate of the Russian currency, as the analyst stressed.


Author: Anna Dorozhkina


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