74707
Russia Economic Recovery Slows in Q3
Russia Economic Recovery Slows in Q3

Russia Economic Recovery Slows in Q3

Russia Economic Recovery Slows in Q3

Russia’s economic bounceback from a two-year recession that ended in 2016 slowed in the third quarter, the economy minister said, AFP reported. Gross domestic product grew 2.2% year-on-year between July and September, Economy Minister Maxim Oreshkin said during a meeting with President Vladimir Putin, according to a transcript on the Kremlin website. In the second quarter, growth was 2.5% year-on-year, according to statistics agency Rosstat, which is due to release official third-quarter data in the coming weeks. With five months to go until Russia’s presidential election, at which Putin is expected to win a fourth term, the figures may fan concerns that growth will falter unless there are structural reforms to reduce the country’s dependence on oil and gas exports. A crash in oil prices in 2014, along with international sanctions imposed over Moscow’s actions in Ukraine, helped push Russia into its longest recession since the Kremlin strongman came to power at the end of 1999.

 

Short URL : https://goo.gl/H4wqhg
  1. https://goo.gl/Gwo8NU
  • https://goo.gl/AdCfUu
  • https://goo.gl/wyj43P
  • https://goo.gl/nVr86U
  • https://goo.gl/ir3ktX

You can also read ...

The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
Cambodia Sustains Strong Growth
Cambodia’s economy is forecast to grow 6.9% next year,...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...
All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...
Iraq to Resume War Reparations to Kuwait
The UN Security Council’s compensation agency has announced...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus