In 2013, Russia's economy has experienced the worst performance since the financial crisis, the growth rate is far lower than expected. The main economic difficulties for continuous zero growth of export, decline in industrial production, investment growth is negative and capital outflow is aggravated. Still no change of the Russia's economic structure imbalance, and face problems such as capital outflows, the budget deficit pressure increase, the Russia's economic future may enter low growth range. Economic development minister warned that Russia relied on the economic model of raw material has run out of development potential, the existing economic structure only can bring about 3% for Russia's economic growth potential. Now should be transformed into consumption and investment-led economic model.
Written by Dora Men
