Russia's Stagnation Raises Pressure for new Growth Model

Russia said on Tuesday that its oil- and gas-dependent economy will stagnate over the next two years, increasing the pressure on President Vladimir Putin to fulfill pledges to expand and diversify Russian industry.   The Economy Ministry cut its 2013-2015 gross domestic product growth forecast after months of data pointing to stagnant corporate investment as well as declining growth in consumer demand.   The revisions, a few weeks after Russia admitted for the first time that...

© La Voix de l'Amérique - mardi 3 décembre 2013