{"id":31764,"date":"2020-07-22T20:15:50","date_gmt":"2020-07-22T16:15:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31764"},"modified":"2020-07-22T20:15:52","modified_gmt":"2020-07-22T16:15:52","slug":"reshetnikov-russias-gdp-declines-by-4-2-in-h1","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/reshetnikov-russias-gdp-declines-by-4-2-in-h1\/07\/22\/market-updates\/","title":{"rendered":"Reshetnikov: Russia\u2019s GDP Declines by 4.2% in H1"},"content":{"rendered":"\n<p>The Russian gross domestic product (GDP) declined by 4.2% in the first half (H1) of 2020, according to Russia\u2019s Minister of Economy, Maxim Reshetnikov.<\/p>\n\n\n\n<p>The ministry reportedly expects the economy to retreat by 4.8% in 2020 and expects the recovery to the pre-COVID-19 levels to take place by the fourth quarter (Q4) of 2021.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;In budget forecasting, we generally stick to the estimations provided in May, which envision GDP contraction of 9.5% in the second quarter. Currently, the latest figures provided by Rosstat say -9.6%, which means that we are in the projected corridor and, consequently, expect total GDP contraction in comparable prices of 4.8% this year.&#8221;<\/p><cite>As quoted by TASS<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Russian gross domestic product (GDP) declined by 4.2% in the first half (H1) of 2020, according to Russia\u2019s Minister of Economy, Maxim Reshetnikov. The ministry reportedly expects the economy to retreat by 4.8% in 2020 and expects the recovery to the pre-COVID-19 levels to take place by the fourth quarter (Q4) of 2021. &#8220;In &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6875],"class_list":["post-31764","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-russia"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31764"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31764\/revisions"}],"predecessor-version":[{"id":31766,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31764\/revisions\/31766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31765"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}