Overcome the crisis in three years

Government Regulation igry19-10-2009 overcome the crisis in three years Deputy Economic Development Minister Andrei Klepach predicts the output of the Russian economy in the pre-crisis level in 2012. In 2009, the same is expected in the MEDT, Russia's gross domestic product will shrink by 8.5%. According to officials, the country's economy will require 1,5-2 years to compensate for the dip caused by the crises. According to Rosstat, the situation in Russian industry begins to straighten out, judging by the volume of industrial production in September. In September the decline in production by the official data are minimal in the current year. In the first autumn month rate of decline of industrial production slowed to 9.5% annualized vs. 12.6% in August. In July, this figure fell to 10.8% in June - 12,1%. For the nine months of this year industrial production fell by 13,5%, whereas in January-August 2009, the decline was 14% in January-July - 14,2%. The main contribution to the September decline, introduced auto industry: the production of passenger cars fell by 60.3% by September 2008, trucks - by 70,7%, buses - by 43,6%.