The decline in economic growth rates in 2015 is determined by contraction in both investment and consumer demand. Fixed investment in May 2015 decreased by 7.6% and retail turnover by 9.2% compared to May 2014.The narrowing of domestic demand increased the downtrend in industrial production. On...

According to preliminary data released by Rosstat, in Q1 2016, Russia's GDP constituted 98.8% (97.2% a year earlier) against the corresponding period of the previous year. Downward trend in domestic consumption persists although the slump is losing its grip on the economy. Growth in agriculture...