ST. PETERSBURG: Russia’s economy is on the brink of moving to recession, Economic Development Minister Maksim Reshetnikov said at the St. P...
ST. PETERSBURG: Russia’s economy is on the brink of moving to recession, Economic Development Minister Maksim Reshetnikov said at the St. Petersburg International Economic Forum (SPIEF).
"Figures point to slowdown, according to current feelings, [the economy] is already on the verge of transiting into recession," he said, adding that it is necessary to deal with issues related to growth potential.
The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.
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