Russia's Economic Growth Slows Down in Q2

In the second quarter of 2013, Russia's gross domestic product expanded 1.2 percent compared with the same period of the previous year, down from 1.6 percent registered in Q1.
Nuno Fontes | 8/9/2013 6:38:50 PM
In Q2, Russian economy's expansion slowed for the fifth consecutive quarter. This comes in line with the Bank of Russia's outlook on the economy and underlines the overall slowdown in output. 

Although private consumption has been rising, driven by wage growth, production remains low and investment continues to decrease.