New challenges for Russia's economy in 2014 | Russia Beyond The Headlines:
"Experts warn that the economic forecast offered by Russia’s Ministry of Economic Development may be too optimistic.
The government needs to be prepared for decisive action in order to improve the situation, a the key negative trends which slowed Russia's economic growth in 2013 are expected to carry over into 2014.
Stagnating on the brink of recession
"The current negative growth of consumer demand will continue," said Alexey Balayev with the Economic Expert Group. Sberbank head German Gref agreed, saying "I can see no sources of finance for increasing wages or adjusting social sector salaries to inflation. Consumer lending will likely continue to decline gradually. Everything is becoming more difficult, so the situation with growth drivers is quite complicated.""
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