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RussiaFeed — Russia’s economy on the rise, annual inflation falls to 3%

Summary:
Annual inflation in Russia has decreased down to 3 percent amid its continued decline, the country’s Economic Development Minister Maxim Oreshkin said Thursday. “In this year, the Russian economy has entered a new phase of growth. Now GDP growth rates exceed 2 percent. We expect them to stand at 2.1 percent at year end. The inflation has decreased down to 3 percent,” Oreshkin said delivering a speech at the Russian-Saudi investment forum.... RussiaFeedRussia’s economy on the rise, annual inflation falls to 3%

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Annual inflation in Russia has decreased down to 3 percent amid its continued decline, the country’s Economic Development Minister Maxim Oreshkin said Thursday.
“In this year, the Russian economy has entered a new phase of growth. Now GDP growth rates exceed 2 percent. We expect them to stand at 2.1 percent at year end. The inflation has decreased down to 3 percent,” Oreshkin said delivering a speech at the Russian-Saudi investment forum....
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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