The slow down in the Russian economy shows the possibility of technical recession.
Aleksandr Shohin, president of the Union of Industrial and Entrepreneurs (RSPP), said that the growth in the Russian economy slowed down and said: “It is very important that we do not even participate in a technical recession.” He said. Shohin spoke at the Alfa Alfa-Summit event in Moscow. Saying that the first quarter data in Russia carries signs that the economy is being excessively cooled, Shohin said that the data indicates a percentage of the growth motivation compared to the previous quarter and one percent than the previous year. He said. Shohin said that the growth of 2 to 2.5 percent annually in the Russian economy means cooling. We can solve a large number of problems with growth in these ratios. He said. Because our enemies say that policy benefits are more than 20 percent and inflation is more than 10 percent, but the growth drops to 0. We need some data to show this is not true. He said.