Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsLONDON - Russia's industrial production and investments are stagnating, its exports of goods are continuing to deteriorate and profitability in most industries is declining, a think tank close to the government has said in a report.
“In most of the main types of activity, the transition to stagnation has either already occurred or is increasingly visible,” it noted, adding that high interest rates were beginning to slow the growth of consumer demand, seen as a key driver of economic growth. Earlier investment projects have focused on infrastructure, import substitution, the military-industrial complex and housing, but lending conditions are now tighter and profitability in a number of industrial sectors has dropped.