RUSSIAN INDUSTRY IN Q1 2016: THE ONSET OF STAGNATION?
In Q1 2016, the production index in the majority of segments across the real sector of the national economy demonstrated low growth rates, which were often close to zero. Hardly any consequences of the ruble’s plunge and the declining prices of oil in late 2015 are visible now. The exhausted potential of the existing demand-side and supply-side favorable factors can be the ﬁrst signal of the Russian economy entering a long period of zero rate of growth.