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RUSSIAN ECONOMY TO DECLINE 3% IN 2015 WITH $60 PER BARREL - ULIUKAEV
YEREVAN, December 26. /ARKA/. The Russian economy will decline by 3% in
2015 if the oil price is $60 per barrel, Russian minister of economic
development Aleksey Uliukaev told reporters, as cited by the Prime.
The projection by the ministry suggests GDP will decline by 0.8%
in 2015 with the oil price at 80 dollars per barrel.
The deputy minister of economy Aleksey Vedev said the recession will
come as early as in the first quarter. The 2014 last quarter GDP
growth will be near zero or will decline slightly, he said.
"We expect a decline in the first quarter, first of all due to drop
in demand", Vedev said. -0--
http://arka.am/en/news/in_the_world/russian_economy_to_decline_3_in_2015_with_60_per_b arrel_uliukaev/#sthash.bM7Sg6fk.dpuf
YEREVAN, December 26. /ARKA/. The Russian economy will decline by 3% in
2015 if the oil price is $60 per barrel, Russian minister of economic
development Aleksey Uliukaev told reporters, as cited by the Prime.
The projection by the ministry suggests GDP will decline by 0.8%
in 2015 with the oil price at 80 dollars per barrel.
The deputy minister of economy Aleksey Vedev said the recession will
come as early as in the first quarter. The 2014 last quarter GDP
growth will be near zero or will decline slightly, he said.
"We expect a decline in the first quarter, first of all due to drop
in demand", Vedev said. -0--
http://arka.am/en/news/in_the_world/russian_economy_to_decline_3_in_2015_with_60_per_b arrel_uliukaev/#sthash.bM7Sg6fk.dpuf