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Financial news

Experts: Restoration of the Russian Economy Will Begin by the End of the Year
04 èþíÿ 2009 ã.

 Restoration of the Russian economy might begin in the second half of the year 2009. As reported Managing Director of “Troyka Dialogue”, Mr. Andrey Zvjozdochkin, the rise of the share market of Russia is a sign.

« The Russian financial market is a predictor of development of real economy », - has stated the regional director on Northwest and Central regions of the company”Troyka Dialogue”, Mr. Oleg Puntusov.

On the expert’s opinion, this forecast might come true if oil price are stable and amount to at least $60 per barrel. At the same time $70-75 per barrel are forecasted by the end of the year by some international organizations.

A. Zvjozdochkin also has noted that the zero growth of gross national product by the end of 2009 is quite probable. In comparison with precipitation at the beginning of year the expert considers it to be a sign of significant restoration.
 

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