Putin declare economic crisis over in Russia. \u00a0Putin said Russia has passed the worst of its economic crisis after it was hit by the slump in oil prices that forced the government to lower forecasts and revise its strategy.<\/p>\n
The \u201cpeak of the economic crisis has passed\u201d amid signs of stabilization in business activity in the second quarter.. Russia set out its plans at the beginning of 2014 based on oil at $100 a barrel, though crude prices fell by half and everything had to be recalculated, while a price of $50 per barrel for 2016 is \u201cvery optimistic,\u201d he said.<\/p>\n
The government sees gross domestic product growing by 0.7 percent next year and it won\u2019t rush to alter the budget. Putin gave his support to the central bank, saying interest rate cuts can\u2019t be forced and must be based on economic reality. The threat facing Russia is inflation, while other countries are dealing with the challenge of deflation, he said.<\/p>\n
Putin declare economic crisis over in Russia. \u00a0Putin said Russia has passed the worst of its economic crisis after it was hit by the slump in oil prices that forced the government to lower forecasts and revise its strategy. The … Continue reading ![\"Putin's](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/06\/Putin-and-Entrepreneurs-300x194.jpg\")
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