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Russian government warns of recession in 2015

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posted on Dec, 2 2014 @ 11:51 AM
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This may prompt a little more outrage from the Ruskies and Putin. Meanwhile gas prices are projected to fall to around $2.00 in the US as OPEC is stablaizing output. Looks like the US and Saudi plan to flood the market with oil may push Russia to do something rash o save its spiraling/tanking economy.

"MOSCOW – The Russian government has for the first time acknowledged that the country will fall into recession next year, battered by the combination of Western sanctions and a plunge in the price of its oil exports.

The economic development ministry on Tuesday revised its GDP forecast for 2015 from growth of 1.2 percent to a drop of 0.8 percent. Disposable income is expected to decline by 2.8 percent against the previously expected 0.4 percent growth."




posted on Dec, 2 2014 @ 12:15 PM
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a reply to: princeofpeace

Here you go already posted...

www.abovetopsecret.com...



 
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