Central Bank announced passage of recession in

The Central Bank announced the passage of the recession in Russia

The recession in Russia is over, analysts say the department of research and forecasting the Bank of Russia.

“Index estimation of Russia’s GDP suggests that the recession is behind us, but ahead – slow growth of the economy”, – stated in the Central Bank Bulletin prepared by the analysts of “What do the trends.”

Model estimation RF GDP to 0.4% has been improved by III quarter the previous quarter (in the June prediction was 0.2%), evaluation on IV quarter is 0.5%, which is close to the estimates made by the previous month (0.4? 0.5%).

However, the unstable dynamics of questionnaires indicators observed in recent months, indicates a risk for more self-regenerative dynamics of industrial production in the coming months, the Central Bank analysts say.

“However, our estimates can be further improved once again, if there is a tendency to recovery of manufacturing activity will be reflected in future statistics,” – they added.

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