Macroeconomy

Russian GDP in Q1 2016 fell by 1.4%

ВВП России в первом квартале 2016 года упал на 1.4%

GDP of Russia fell by -1.4% in Q1 2016. According to forecast of the Russian Ministry of Economy, in 2016 country’s economy may drop by -2% to 2015, in 2017 it will decrease by -0.4%.

Growth of the Russian economy will start in 2018-2019 and it will count estimately +1.5%.