Send to Kindle
Russian Economy Minister Aleksei Ulyukayev. Photo by EPA/BGNES
Russian Economy Minister Aleksei Ulyukayev has said Moscow might have to review its current economic growth forecast after the country's Q2 gross domestic output contracted more than expected.
Data published earlier this week showed Russia's GDP is down 4.6% in April-July compared to the second quarter of last year.
Q1 had registered a more moderate year-on-year drop of 2.2 percent.
Interfax quotes Ulyukayev as telling reporters that there was "serious ground" to consider a downgrade of the economic outlook.
Current estimates suggest the Russian economy will shrink by up to 3% in 2015.
At the end of July he had said that GDP wouldn't contract more than 2.8% by the end of December, and that 2016 will be a year of stabilization.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a recent interview with "Fakt", Polish President Andrzej Duda made a significant statement, expressing Poland's readiness to permit NATO allies to deploy nuclear weapons on its territory
Reports have emerged confirming the capture of Bohdanivka, a crucial village in eastern Ukraine, by Russian armed forces
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Ukraine's military announced the destruction of a Russian Tu-22 strategic bomber, allegedly involved in nighttime airstrikes targeting Ukrainian cities
NATO has announced plans to send Patriot air defense systems to the embattled nation
Defense Minister Sergei Shoigu announced today that Russia will escalate strikes on Ukrainian storage bases housing weapons supplied by Western nations
Russian Foreign Minister Sergey Lavrov has issued a stark warning, stating that the West is on the brink of a direct military clash between nuclear powers, with potentially catastrophic consequences
The Ukrainian Armed Forces have dealt a severe blow to Russian military installations in the temporarily occupied Crimea peninsula
Russian peacekeeping forces have initiated their withdrawal from Nagorno-Karabakh following Azerbaijan's reclaiming of the disputed region from Armenian separatists last year, as confirmed by the Kremlin
A comprehensive investigation conducted by the BBC, in collaboration with the Russian independent media group Mediazona and volunteers, has unveiled shocking revelations about the true extent of Russian military casualties in Ukraine
Tragedy strikes as more than 30 lives are lost in Afghanistan due to devastating floods triggered by seasonal rains
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
