Slower growth in some sectors of the Russian economy continues

According to the monitoring of Economic Development for the first quarter of 2013 there is no sign that says about the recovery of the Russian economy. The growth of the Russian economy may change the duration of recessions.

Tamara Kasyanov, First Vice-President of the All-Russian public organization «Russian Club CFO»

commented on the situation.

Reducing the rate of growth of the Russian economy, the continued since the beginning of 2012 due to decreased performance in a variety of industries. The slowdown noted in industry, agriculture and trade. One of the factors slowing the economy is to reduce the investment attractiveness of Russian companies by foreign firms. The authorities have announced a policy of reducing the dependence of the federal budget from taxes mining companies. Alternatively, to take the path of innovative development with the production of products with high added value. This approach appears to be correct, but the level of achievement of the set may take some time.

As the locomotive of the economy in the short term, experts HSBC\’s called agriculture. This statement is not devoid of common sense, as in the past year was marked by record low in the industry. Remains fundamental to the continuation of building an innovation aimed at Russian economy. If necessary, the right solution is seen anti-crisis funds investing in the construction of this model.