Diagnosis of Russia’s economy: there is no recession in the Russian economy, only stagnation
The outlook expressed by the Russian press for the Russian economy has recently grown quite pessimistic. Many analysts assume that there is recession in the economy. Economists from the international research company Capital Economics Ltd are saying that following the results of the first half of this year the Russian economy has fallen into recession, and the actions taken by the authorities to promote and sustain economic growth will have an effect no earlier than next year.
The outlook expressed by the Russian press for the Russian economy has recently grown quite pessimistic. Many analysts assume that there is recession in the economy. Economists from the international research company Capital Economics Ltd are saying that following the results of the first half of this year the Russian economy has fallen into recession, and the actions taken by the authorities to promote and sustain economic growth will have an effect no earlier than next year.
