You searched for "Recession" (2 results found)

Russia Under Threat if U.S.-China Trade War Escalates, Experts Warn

  • 21 Aug 10:26

The US-China trade war, if escalated, could lead to economic slowdown and even recession in Russia, analysts by theMoscow Higher School of Economics’SE Centre for Business Tendency Studies (CBTS) said in a report, according toTASS. “If the trade conflict between the world’s two biggest economies, the US and China (roughly 35% of world-wide nominal GDP, Russia – about 2%), hits the ceiling and, consequently, growth rates of the economies of mentioned countries all but certain slow down for some period, that will immediately result in a notable decline in global commodity prices and create major difficulties for the main Russian export,” the. Read more...

Oreshkin: No Danger of Recession in Russia This Year

  • 23 May 09:37

Russia’s economic development minister Maksim Oreshkin has said his ministry maintains its GDP growth outlook for 2019 at 1.3%,RBCreports. “So far yes,” he said when asked whether the ministry considers the GDP growth outlook for this year of 1.3% still relevant. “The data for the first quarter is preliminary and may change in both directions. We projected a weak dynamics (for Q1),” he said. Oreshkin’s statement comes after official data showed that GDP growthslowedfrom 2.7% year on year in 4Q18 to just 0.5% y/y in 1Q19. The result led some expertsto warn of a new economic crisisdeveloping in the country. Oreshkin added that he. Read more...