The Russian economy against the background of Western sanctions going down
This was stated by German journalist Andre’s Point, analyzing economic indicators of the Russian Federation, reports InoPressa.
According to him, today the Russian economy is sinking into recession – gross domestic product was much lower than expected.
“The VAT increase at the beginning of the year, and a concomitant increase in the inflation rate pessimistic set up by economists. But as bad result they did not expect,” – said the German journalist.
Andre Ballen also noted that the Russian GDP in the first quarter of 2019 rose only 0.5% in annual terms.
“Furthermore, the seasonally adjusted GDP for the first quarter of 2019 fell 0.7 percent compared with the last quarter of 2018. If the result for the second quarter will be the same, Russia may slide into a technical recession,” he explained.
The journalist is sure that by increasing VAT from 18% to 20% affected in the first place wholesale, which in the first quarter fell by 7.4%. Many retailers stocked up late last year and so at first they sold their stocks.
“Hit the construction sector here may, Rosstat has played a cruel joke fabricated his own statistical miracle last year: institution retroactively added GDP in 2018 and justified all the growth of construction”, – concluded the Point by analyzing the state of the Russian economy.
We will remind, Putin greatly disgraced in front of everyone: “Bald bitch”.
As reported Politeka, Putin has driven a knife in the back, “a ban on all”: the details of a devastating strike.
Politeka also wrote that Putin was ill, accidentally gave the diagnosis: a network of in touch, the details.