Kudrin has refuted the statement of the recession in Russia.

KommentariiRetsessiya nachalas12.12.2008Rossiya not escaped the global downturn in ekonomikeEkonomika Russia has not yet entered the stage of a recession. This was announced by Vice-Premier and Finance Minister Alexei Kudrin, Russia, RIA Novosti. Thus officer responded by saying the Deputy Minister for Economic Development Andrew Klepacha, who reported on the occurrence of a recession on 12 December.
Technical recession is called the decline in GDP for at least two consecutive quarters. In the first quarter of 2008, Russia's economy is podrosla to 8.5 percent in the second - at 7.5 percent, while the third - to 6.2 per cent compared with the same period a year earlier. According to the latest forecast ministry, in the fourth quarter increase in GDP was 2.6 percent.
In 2009, according to Kudrin, the country's GDP to grow by three percent. Thus, the economic crisis has greatly affected and Russia - in the three-year budget for 2009-2011, which has already approved the State Duma, the Federation Council and the president talks about a much more substantial economic growth. In particular, the budget assumes that GDP in ruble terms over three years will increase from 51.47 to 67.6 trillion rubles.
Remember that many developed countries in the world has officially entered a recession. In particular, it said in Germany, Italy, Japan and Sweden. About the beginning of a recession as early as December 2007 and reported in the U.S., but in this country, the recession is considered on a range of indicators, not only on the basis of GDP.
It may be that differences between Klepachom and Kudrin related to the fact that officials from the ministry believed the GDP data for one quarter of the previous, and officials from the Ministry of Finance - from quarter to the same period last year.