Consumer demand driving Russian economy
Counter-sanctions imposed on food imports and an unprecedented raft of subsidies have made many areas of farming more profitable in Russia [Xinhua]
Consumer demand has driven economic growth in Russia, the Central Bank said on Friday, adding that GDP growth in the first six months should reach between 1.0 and 1.5 per cent.
This is slightly lower than an earlier forecast.
It also cited “further recovery of production activity” and near-record low inflationary expectations.