VTB has identified the decline in the Russian economy

Gross Product (CAP) of Russia in December fell by 1.1% against growth on 2,1% in November. The last time this indicator fell below zero in March 1999. GDP indicator, calculated by the bank VTB Europe, the conclusions of the study of business conditions in the manufacturing and service sectors of Russia. Indicator of total output produced by the aggregate weighting of indicators of production, are shown in these studies. According to a senior bank economist Chris Green, the reduction reflects a deeper decline in activity in the manufacturing and non-industrial sectors in Russia, reports Reuters. "The latest economic data showed a notable decline in the overall economy, while growing forecasts that the Russian economy may enter a recession in the new year," - he said.