Recession will not, as a reason for optimism

Proizvodstvo20-01-2009 will be no recession as a reason for optimism in 2009 Russia will avoid a recession, expects the European Commission. At the same time, the recession in Europe itself has been recognized officially. However, the conclusions of Commissioners - no more than a numbers game. In 2009, Russia will avoid a recession thanks to a package of fiscal incentives and a favorable impact of a more flexible exchange rate in relation to the demand for domestically produced goods and services. So predicts the European Commission. The first "Interim forecast in 2009," released Tuesday, says: "it is expected that Russia's economic growth will slow from 5.9% in 2008 to about 1% in 2009, and then return to the level of 2.25% in 2010, - cited document RIA Novosti. In itself, Europe has long been recognized as a recession. Under the new European Commission forecast, the GDP in the European Union dropped by 1.8% in 2009 and then rise slightly to 0.5% in 2010.