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...

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...