Russian economy growth has been recovered up to 0.2%

GDP growth is 0.7% in January-July 2014.

01.Sep.14 9:51 AM
By Mihail Prygunov
Photo vrn-today.ru

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Russian economy growth has been recovered up to 0.2%

Russian Ministry of Economic Development reported about recovery of economy growth in 2014 in July 2014. GDP growth is 0.2%. It is 0.2% higher in comparison with GDP growth in June and 0.4% higher than in May.

Manufacturing, gas and water production together with retail spheres have influenced GDP growth in a positive way.
On the other hand the overall GPD growth in 2014 I negative. It is 0.3% lower in comparison with the same period in 2013. Lowering dynamics in building and investment branches influenced negatively on this rate. Manufacturing, agricultural and retailing development made it possible to improve the situation.

The overall GDP growth in January-July 2014 is 0.7% higher in comparison with the same period in 2013. This rate was negatively influenced by manufacturing and energy spheres as well as construction and investment branches along with gas and water production.

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