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Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / Russia
August 30, 2018

Russia processes more wood as ever before

Russia processes more wood as ever before
In 2017, the Russian economy came out from a two-year recession. In 2016, the country's GDP fell by 0.2%, and in 2015, it fell by 2.5% after slowing the growth to 0.7% in 2014. However, this is below the original expectations: initially, the Ministry of Economic Development forecast that the country's economy will grow by 2% in 2017, the Central Bank expected a growth from 1.7 to 2.2%. In the second quarter of 2018, GDP growth was 1.8%, and in April-May 2018, the economy “accelerated” to 2.2%.   ...

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