Russia's Economy Is Freezing - Deputy Prime Minister Makes a Grim Prediction
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Russia sharply lowers its growth forecast for this year. Russia has significantly lowered its economic growth forecast for this year, the financial newspaper Vedomosti reports. Deputy Prime Minister Aleksandr Novak tells the newspaper that gross domestic product is expected to grow by just 0.4 percent this year. Previously, the Kremlin had expected growth of 1.3 percent.
Russia's Vice-Premier, Alexander Novak, was the first to admit: this year's economic growth is not foreseen, which means recession can become a reality, and Russians' lives will be worse. His logic is that one of the culprits is the Central Bank, with its high key stake, by which Elvira Nabiullina and her subordinates are trying to curb inflation. Now it's interesting who the Kremlin will blame for the lack of economic growth: the government tha…
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