Economic Growth Slows Again, Sparking Recession Fears | Business | The Moscow Times:
"Russia has recorded another quarterly decline in its economic growth rate, fueling concerns about a possible recession and casting doubt on President Vladimir Putin's hopes to attain annual growth of 5 percent over the next few years.
The negative dynamic could intensify pressure on the government and the Central Bank to loosen the current fiscal policy, analysts said.
The economy expanded by 1.2 percent in the period from April to June, compared with the same quarter last year, down from 1.6 percent in the first quarter of 2013, according to the figures released by the State Statistics Service on Friday."
'via Blog this'
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