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Russia"s exports may dive by 45%

It is expected by the Russian official that Russian exports would fall 45 percent due to the global decline in prices and supply.

Decline in exports this year will lead to investment activity in the doldrums, trade growth in a low level, household income stagnated, so it is expected Russia"s GDP will fall 2.2 percent, trade volume will decline 0.3 percent, investment will fall 13.8 percent.

Russia"s industrial production probably fall 7.4 percent, inflation of 13 percent. Whose production decline would be the most in 2009 would be metallurgy, building, automotive, woodworking and textiles.

It was expected that the economic declining situation will extend to the second quarter of this year, the effect of government anti-crisis measures will probably appear in the end of second quarter. Source:Yieh.com

Mar 25, 2009 16:06
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