Anemic growth for the Russian economy

RUSSIA / FSU POLITICS - In Brief 11 Dec 2018 by Alex Teddy
The Russian Statistical Commission estimated fourth quarter GDP is up 1.3%. The quarter is not yet over. The third quarter was 1.9%. Public finances are healthy. Overall household spending and disposable income are slightly down on last year. VAT is going up. Deloitte revealed that 61% of people think the country is in recession which is excessively gloomy. But only 30% of Russian expect their incomes to fall next year.

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