Russia’s economy hits rock bottom
Russian economy is stuck at bottom, according to experts in country
According to the analytical review of the comments about the state and business for the period of August 17-24, prepared by the Centre for the Development of the Higher School of Economics (HSE), the Russian experts admitted that State’s economy dropped below the ground level, slon.ru reports.
The construction activity and industrial production in Russia decreased in July. There are no investments in the country.
"Despite the widespread belief that by the end of this year the Russian economy will begin transition to restorative growth, which in the coming years will only accelerate, it seems more likely it will continue stagnation and recession before the end of the period of fiscal consolidation", the economists say.
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