Will GDP growth be restored this year
In the 1st quarter of this year, GDP growth rate fell by 9.5%, according to this indicator, Russia is at one of the last places in Europe.
At the same time, April statistics and preliminary indicators for May indicate that since the beginning of the second quarter in the Russian economy there have been positive trends.
Many economists believe that the main reason for the collapse of GDP in the 1st quarter was a record low consumer demand. It is with its restoration that the prospects of improving the situation are now associated. The decline in the consumer segment continues to be felt in the second quarter. According to averaged forecasts, GDP figures in the current quarter will inevitably be worse than the same period last year, but the pace of its fall will not be so high.