Russia’s GDP Shows Zero Growth, Outlook Grim – Minister | Business | RIA Novosti

Russia’s GDP Shows Zero Growth, Outlook Grim – Minister | Business | RIA Novosti:

"Russia’s GDP in the first eight months of the year grew 1.5 percent year-on-year, but seasonally adjusted month-to-month growth was zero, Economic Development Minister Alexei Ulyukayev said Saturday.
August has turned out to be “worse than July,” he told an international investment forum in the southern Russian city of Sochi. “There are no visible signs of change for the better.”
The minister also urged the Russians to prepare for a worsening unemployment situation next year due to economic stagnation.
Unemployment is expected to reach 6 percent in 2014, Ulyukayev said."

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