Thursday, April 9, 2009

Ministry of Economic Development has predicted stagnant economy in 2010.

KommentariiDaesh new projections! 27.03.2009Obnovlenny budget for 2009 has not yet been adopted, but ustarevaetV the Russian economy in 2010 is stagnant, if not renewed investment demand and credit the real sector. This statement was made Deputy Minister of Economic Development of Russia Andrei Klepach, reports RIA Novosti.
Stagnation known as the country's economy, in which there is no growth in industrial and agricultural production and trade. Stagnation or economic decline precedes or accompanies it.
In early March 2009, Vice-Premier and Minister of Finance Alexei Kudrin said that Russia's GDP in 2010 may grow by two to three per cent.
According to the Ministry of Economic Development, in 2009, the decline of Russia's GDP is expected to reach 2.2 per cent. April 7, Assistant to the Russian President Arkady Dvorkovich said that in the first quarter of the country's economy declined by seven percent. These data are consistent with a preliminary estimate of the Ministry of Economic Development.
In 2008, Russia's GDP grew by 5.6 per cent, while in 2007 - at 8.1 percent.

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