‘Approaching zero growth’ Sberbank’s head says the Russian economy is in ‘technical stagnation.’ What exactly does that mean?

‘Approaching zero growth’ Sberbank’s head says the Russian economy is in ‘technical stagnation.’ What exactly does that mean?

Last week, Russia’s top political and business figures gathered in Vladivostok for the Eastern Economic Forum, the summit that’s become one of the primary domestic platforms for debates about the state of the country’s economy. On the second day of the four-day event, Sberbank CEO German Gref made what quickly became the most-quoted statement of the forum: